Understanding the nature and purpose of business exam tips

Exam tips

• Business purpose and objectives exam tip 1

  Write the method before the answer so the examiner can follow each step. Apply this to explain why businesses exist and why they set objectives such as profit, growth, survival, cash flow and social or ethical objectives..

  This keeps the answer actionable and aligned to Business purpose and objectives, rather than giving generic revision advice.

• Business purpose and objectives exam tip 2

  State the exact concept or formula you are using before substituting values. Apply this to explain why businesses exist and why they set objectives such as profit, growth, survival, cash flow and social or ethical objectives..

  This keeps the answer actionable and aligned to Business purpose and objectives, rather than giving generic revision advice.

• Business purpose and objectives exam tip 1

  Write the method before the answer so the examiner can follow each step. Apply this to analyse the relationship between a business mission and its objectives..

  This keeps the answer actionable and aligned to Business purpose and objectives, rather than giving generic revision advice.

• Business purpose and objectives exam tip 2

  State the exact concept or formula you are using before substituting values. Apply this to analyse the relationship between a business mission and its objectives..

  This keeps the answer actionable and aligned to Business purpose and objectives, rather than giving generic revision advice.

• Measuring profit exam tip 1

  Write the method before the answer so the examiner can follow each step. Apply this to calculate and interpret profit using revenue, fixed costs, variable costs and total costs..

  This keeps the answer actionable and aligned to Measuring profit, rather than giving generic revision advice.

• Measuring profit exam tip 2

  State the exact concept or formula you are using before substituting values. Apply this to calculate and interpret profit using revenue, fixed costs, variable costs and total costs..

  This keeps the answer actionable and aligned to Measuring profit, rather than giving generic revision advice.

• Measuring profit exam tip 1

  Write the method before the answer so the examiner can follow each step. Apply this to explain why profit is important when assessing business performance and decision making..

  This keeps the answer actionable and aligned to Measuring profit, rather than giving generic revision advice.

• Measuring profit exam tip 2

  State the exact concept or formula you are using before substituting values. Apply this to explain why profit is important when assessing business performance and decision making..

  This keeps the answer actionable and aligned to Measuring profit, rather than giving generic revision advice.