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3.3.1.3c - Formulae for different business objectives: • profit maximisation • revenue

Syllabus
2018
Objective
3.3.1.3
Level
A2

c - Formulae for different business objectives: • profit maximisation • revenue

Formulae for different business objectives:; profit maximisation; revenue maximisation; sales volume maximisation.

Use c - formulae for different business objectives: • profit maximisation • revenue to connect the rule to the data and decision in the question.

This matters because c - formulae for different business objectives: • profit maximisation • revenue determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply c - formulae for different business objectives: • profit maximisation • revenue to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: use the formula and units given in the question, show the substitution and interpret the result; the calculation alone is not the conclusion.

ConceptA-Level Edexcel Economics A2