Quiz: Profit as a Business Objective
AQA A-Level Business (7132)
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Building on what you've learned about why businesses exist, let's explore how profit plays a key role as a business objective!
What is profit?
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Profit is calculated by subtracting {{blank0}} from {{blank1}}.
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Which of the following factors can impact a business's ability to make a profit? (Select all that apply)
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Match the items on the left with their correct pairs on the right
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A business has £20,000 revenue and £15,000 costs. What is the profit?
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Why is profit important for a business?
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Match the items on the left with their correct pairs on the right
What are common ways businesses can increase profit? (Select all that apply)
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Businesses calculate profit to measure their {{blank0}} success and to ensure they can continue to {{blank1}}.
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Which is an example of fixed costs for a business?
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