O'Level  &

May/June 2020 Version 12 - 4(e)

May/June 2020 Version 2 Notes Revenue, cost and profit in income statement Check out example answer HERE

There are three (3) profitability or performance ratios. Gross profit margin, profit margin and return on capital employed.

How to calculate and use information on revenue, cost and profits in income statements 1. Revenue - Total sales 2. Cost of sale - Total...

The three (3) major factors influencing pricing decisions are cost, supply and demand Cost refers to the cost of production, which...

Extension strategies help prolong the sales and profit of matured products They include; New versions of existing products, with...

Product Life Cycle is the process a product would undergo during their existence in the market. It starts with; Launch Growth Maturity...

Competition drive business growth and can benefit consumers. They can also; Increase customer base and loyalty Increase revenue and sales...

Poor entrepreneurial skills, lack of planning and research, failure to obtain financing, wrong location for the business

The key business objectives are profit, market share, growth and survival

Opportunity cost happens when we forgo an alternative activity or use of resources to produce goods and services. The benefits from...

How does breakeven analysis help firms make business decisions?