Business GCSE
Profit margins and trade-offs
What Profit margins and trade-offs means in Business GCSE, as defined for Pearson Edexcel.
Definition of Profit margins and trade-offs
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Read the wording for your board, then hide it and explain Profit margins and trade-offs in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Higher costs for sustainable materials or fair wages reduce profit margins unless prices are raised, creating a trade-off between ethics and profit.
Topics that use Profit margins and trade-offs
- Ethics, the environment and business (Pearson Edexcel GCSE)
Related terms
Using Profit margins and trade-offs in the exam
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