The big financial link
The big financial link

Every business compares the money coming in with the money going out. Profit happens when revenue is greater than total costs, loss happens when total costs are greater than revenue, and break even happens when they are equal.
Step-by-step lessons on Edexcel GCSE Business Costs, revenue, break even, margin of safety and interest formulae. Each one builds up to exam-style questions. Start by mastering business terminology and the functional areas (marketing, finance, operations, HR) before moving on to the extended, evaluation-heavy questions that carry the most marks.