Why are profit margins more useful than profit in pounds when comparing businesses?
A
A profit margin restates the revenue earned as a percentage of the number of products sold.
B
A profit margin shows the total profit earned in pounds without considering the revenue that produced it.
C
A profit margin restates revenue as a percentage of the total costs needed to produce it.
D
A profit margin restates profit as a percentage of the revenue that produced it.
6.4.2 Interpreting financial performance Flashcards
20 flashcards on AQA GCSE Business 6.4.2 Interpreting financial performance: the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2.