Business GCSE
Loss
What Loss means in Business GCSE, as defined for AQA.
Definitions of Loss
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Check what you remember
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Reference: AQA
Occurs when total costs exceed revenue, so the subtraction gives a negative result.
The result when costs exceed revenue, meaning total costs are greater than revenue.
Topics that use Loss
- Business planning (AQA GCSE)
- Financial terms and calculations (AQA GCSE)
Related terms
- Break-even
- Costs
- Fixed Costs
- Profit
- Revenue
- Total costs
- Variable costs
- Accuracy and limitations of forecasting
Using Loss in the exam
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