AS Business Studies: Calculating Costs, Revenue and Profit

Hey, here are some revision notes for people taking the AQA AS Business Studies Unit 1 exam, but can be used for other exam boards too. I hope this helps you to revise! Please rate and comment on how to improve :D

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  • Created by: I P B
  • Created on: 18-11-10 11:58

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Calculating Costs,
Revenue and Profit

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Specification
Calculating Costs, Revenues and Profits
· fixed, variable and total costs
· price, total revenue and profit.
Candidates should understand the relationships between
cost, price, revenue and profits. and profit.

Page 5

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Page 6

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Profit
Profit is the return for taking a risk Profit measures the success of an
investment Profit is an important source of finance
PROFIT = TOTAL SALES - TOTAL COSTS
The meaning and importance of profit Profit is a surplus. It is the surplus of
the value of sales made…

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Pages in this set

Page 1

Preview of page 1

Page 2

Preview of page 2
Calculating Costs,
Revenue and Profit

Page 3

Preview of page 3

Page 4

Preview of page 4
Specification
Calculating Costs, Revenues and Profits
· fixed, variable and total costs
· price, total revenue and profit.
Candidates should understand the relationships between
cost, price, revenue and profits. and profit.

Page 5

Preview of page 5

Page 6

Preview of page 6
Profit
Profit is the return for taking a risk Profit measures the success of an
investment Profit is an important source of finance
PROFIT = TOTAL SALES - TOTAL COSTS
The meaning and importance of profit Profit is a surplus. It is the surplus of
the value of sales made…

Page 7

Preview of page 7

Comments

No comments have yet been made