Making financial decisions GCSE Business Studies

Making financial decisions GCSE Business Studies; in this topic we will learn that making financial decisions can make or break a business.

2.4.1 Business calculations

The concept and calculation of:
● gross profit
● net profit
Calculation and interpretation of:
● gross profit margin
● net profit margin
● average rate of return.

2.4.2 Understanding business performance

The use and interpretation of quantitative business data to support, inform and justify business decisions:
● information from graphs and charts
● financial data
● marketing data
● market data.
The use and limitations of financial information in:
● understanding business performance
● making business decisions.