Business GCSE
Profit Maximisation
What Profit Maximisation means in Business GCSE, as defined for AQA.
Definition of Profit Maximisation
Check what you remember
Read the wording for your board, then hide it and explain Profit Maximisation in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The objective of making as much profit as possible (Total Revenue - Total Costs).
Topics that use Profit Maximisation
- Setting business aims and objectives (AQA GCSE)
Related terms
- Adaptation to change
- Aim
- Business aim
- Business aims
- Business context and contingency
- Business objective
- Business sustainability and survival
- Communication and managing uncertainty
Using Profit Maximisation 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.
Practise Business questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Business GCSE termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge