AQA GCSE Business · 8132
Paper 1
Revise: Choosing SuppliersSupplier price is the amount the business pays for its supplies. Paying less for the same quantity and standard of materials reduces the cost of making a product.
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GCSE Business · key term
The amount a supplier charges a business for goods or services.
Used by AQA
Paper 1
Revise: Choosing SuppliersSupplier price is the amount the business pays for its supplies. Paying less for the same quantity and standard of materials reduces the cost of making a product.
Develop a chain of reasoning: lower supplier price → lower costs → scope to reduce selling prices or increase profit, depending on the business’s decision.
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