How can businesses improve their profits?

In examinations, students could be asked to evaluate ways a business could improve profit or reduce costs. This resource looks at the options available to businesses in a simple way using numbers/ percentage changes. Students are then encouraged consider the implications of the various options.

This resource could be used as the basis of a whole class discussion, or set as individual/ paired work. Students could be asked how elements of the profit and loss account have been calculated, and to create their own ‘what if’ examples.