Cambridge IGCSE Business Studies practice

Paper 1 structured question: Income statements

Try the question first, then check the answer and practise the same topic again.

At a glance

Paper

Marks

Topic

Income statements

Exam-style question

Try this first

Paper 1Short Answer and Data Response3 marks

The significance of profit in the private sector.

Description

Profit is crucial for private sector firms as it incentivizes risk-taking and supports funding.

a
Explain Why is profit important for private sector firms?
Your answer
Aim for approximately 3 distinct marking points.
[3]

0 of 1 part answered

Answer every part before opening the mark scheme.

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Paper 1Short Answer and Data Response1 marks

Description

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

a
State What is profit?
Your answer
Aim for approximately 1 distinct marking point.
[1]