Business A-Level
Profit
What Profit means in Business A-Level, as defined for AQA.
Definition of Profit
Check what you remember
Read the wording for your board, then hide it and explain Profit in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Total revenue minus total costs, which is distinguished from cash, a matter of timing rather than performance.
Topics that use Profit
- Understanding the nature and purpose of business (AQA A-Level)
Related terms
- Adding value
- Alignment and consistency
- Direction and coordination
- Purpose against measurable targets
- Survival
- The hierarchy of aims
- Unintended effects of targets
- Control and performance review
Using Profit in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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