ECON QUIZ

A business is a system in which all

parts contribute to the success or

failure of the whole. Everything must

work together from employee to

president; from equipment to

resources.

A business must be dynamic- able to

thrive through all economic

conditions, in all markets, providing

meaningful highly differentiated

results to all of its customers.

A business must manifest the higher

purpose upon which it was seeded,

the vision it was meant to exemplify,

the mission it was intended to fulfil.

A business is no more effective than

the idea upon which it is built.

Business creates its own plan to

expand its economic growth.

The capability of a company to

sustain or improve its performance

in terms of profitability or efficiency

when its sales volume increases.

A business is an economic entity,

driving an economic reality, creating

an economic certainty for the

communities in which it thrives.

A business creates a __________

against which all businesses are

measured as either successful, or not.

Without continued growth, operations

will stagnate. This can result in lowered

standards of quality for products or

services, decreased customer service,

and poor employee morale.

A business is the fruit of a Higher Aim

in the mind of the person who

conceived it.

A business is not part of the owner's

life, but is, in fact, its own entity.