Profit is not the same as profitability
Profit is not the same as profitability
Revenue is the money a business earns from sales before costs are deducted. Profit is the financial surplus left after costs are taken away, so it is measured in £££.
Step-by-step lessons on OCR A Level Business Profit and profitability. Each one builds up to exam-style questions. Build up your knowledge of the core business functions first, then focus revision time on the strategy and evaluation-heavy topics, since these carry the most marks.