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Cambridge IGCSE Business Studies practice

What is profit?

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Show answerIncome statements revisionRevise the key idea

At a glance

MCQ

Type

cambridge_mcq

Style

Topic

Income statements

Exam-style question

Try this first

What is profit?.

  1. A.Revenue minus costs
  2. B.Total sales
  3. C.Total expenses
  4. D.Net cash flow

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Question 1 of 5

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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?

    Aim for approximately 1 distinct marking point.

    [1]