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Exam-style practice

Income statements answer explanations

Review worked answers and explanations for Income statements. Aligned to Cambridge IGCSE Business Studies.

Answer explanations

Question 1 of 4

Review the answer support, then move sideways through the set.

Paper 1 structured question: Income statements

Paper 1Short Answer and Data Response1 marks

Description

The Role of Profit

Profit is essential for businesses as it serves as a reward for risk-taking and provides funding for growth.

  1. a

    State What is profit?

    [1]