Business A-Level
profit for the year
What profit for the year means in Business A-Level, as defined for AQA.
Definition of profit for the year
Check what you remember
Read the wording for your board, then hide it and explain profit for the year in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Takes off interest and tax, so it reflects how the business is financed and where it trades.
Topics that use profit for the year
- Setting financial objectives (AQA A-Level)
Related terms
- control and motivation
- overtrading
- return on investment
- cash flow objectives
- gross profit
- operating profit
- profit margins
- revenue, cost and profit targets
Using profit for the year 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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