What is true about using last year's financial information to make a decision?
Financial information can never be expressed numerically or compared with other information
Historical figures always include customer opinions
Past profit proves that future demand will be identical
Market conditions may have changed since the figures were produced
37 exam-style questions on Edexcel GCSE Business 2.4 Making financial decisions, covering 2.4.1a Gross and net profit, 2.4.1b Margins and average rate of return, 2.4.2a Using quantitative business data, 2.4.2b Financial information: understanding performance, and 2.4.2c Financial information: making business decisions. Each one has a worked solution and a mark scheme showing where the marks go.