Improving profit

Pages 70-73

Appreciate how increasing revenues and

reducing costs improves proift
 Aims for today

To understand how increasing

revenue and reducing costs
helps to increase profit

To understand the impact of

both changing prices and costs
influences on profit

Appreciate how increasing revenues and

reducing costs improves proift
Calculating profit & loss

Appreciate how increasing revenues and

reducing costs improves proift
Defining profit & loss

Appreciate how increasing revenues and

reducing costs improves proift
How can profit be improved?

Appreciate how increasing revenues and

reducing costs improves proift
Task 1: How can costs be lowered?
Make a mind map showing all the ways in
which a business can lower its costs.

Lowering
costs

5 minutes

Appreciate how increasing revenues and

reducing costs improves proift
TASK 2: Sort out the information to show all the
ways in which costs can be lowered.

Appreciate how increasing revenues and

reducing costs improves proift
How costs can be lowered.

Appreciate how increasing revenues and

reducing costs improves proift
How can revenues be increased

Appreciate how increasing revenues and

reducing costs improves proift
Appreciate how increasing revenues and
reducing costs improves proift
Appreciate how increasing revenues and
reducing costs improves proift
 Task 3:
How can revenues be increased?

You have just opened a gaming store in Tunbridge

Wells. Business has not been great in your first few
weeks of trading.

What could you do to increase your revenue?

5 minutes
(money coming into the business)

Appreciate how increasing revenues and

reducing costs improves proift
How can revenues be increased

Appreciate how increasing revenues and

reducing costs improves proift
Can reducing prices increase profits?

Appreciate how increasing revenues and

reducing costs improves proift
 Task 4: Revision Questions
Page 73 Test Yourself & Over to You

Appreciate how increasing revenues and

reducing costs improves proift
 Homework
Hand-out:
Revision questions 1-4

Appreciate how increasing revenues and

reducing costs improves proift