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 test your knowledge of profit as a business objective!
What is profit?
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Which of the following can increase a business’s profit? (Select all that apply)
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Profit is calculated as {{blank0}} minus {{blank1}}.
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Match the items on the left with their correct pairs on the right
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A business earns £10,000 in revenue and has £6,500 in total costs. What is its profit?
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Why is profit important for a business?
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Which of the following costs are fixed costs? (Select all that apply)
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Match the items on the left with their correct pairs on the right
Businesses with {{blank0}} liability are responsible for debts up to the amount they invested, while those with {{blank1}} liability must cover all debts personally.
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