Episode 1: Financial Terms (Fixed and Variable Costs, Revenue, Profit and Loss)
In this first episode of the GCSE Business Studies Revision Podcast, we break down the essential financial terms every student needs to know: fixed costs, variable costs, revenue, profit, and loss. Using practical examples, including our fictional businesses BrewBliss and Fresh Bakes, we explore how these concepts interact in real-world scenarios. Whether you're pre-learning for class or revising to consolidate your knowledge, this episode provides a clear, structured explanation to help you confidently tackle financial calculations and exam questions. Perfect for building a strong foundation in Business Studies!
Credits: Audio and AI assistance powered by Google Notebook LM.
