Business · Topic revision workspace
Read the notes, score 80% and know 75% of the cards.
Topic overview
Finance measures performance and supports decisions through cash flow, sources of finance, revenue, costs, profit, break-even and financial ratios.
Exam tip
Show the formula, substitute values and interpret the result for the named business.
Revision notes
Secure these ideas first. Say each definition in your own words, then connect it to the topic overview.
Revision notes
The exam will rarely ask for an isolated definition. Practise selecting the right idea and using it as part of a complete explanation or method.
Core knowledge
Money entering and leaving a business over time.
A cost that does not change directly with output in the short run.
A cost that changes as output changes.
The output or sales level at which total revenue equals total cost.
Sales revenue minus cost of sales.
Total cash inflows minus total cash outflows during a period.
Active recall
Content reviewed 23 July 2026 against the current linked specification.
Mark the notes complete, then test what you can recall.