Eco 9 principles

What is every business in business for?

Provide a product or service
Most difficult thing a business has to do?

Convince customer to buy
How do you price a product or service?

Whatever the customer is willing to pay
What is the costliest item a business has?

Employee
What is the most valuable asset?

Employee
Most fundamental financial principle for any business?

Cash in > cash out
How does any business stay in business for long term?

Differentiate
What is quality?

Smiley faces based on $$$
Goal of any business?
- Make money
- Maximize profit or minimize loss

Author

xryan27x

ID

133689

Card Set

Eco 9 principles

Description

eco

Updated

2012-02-08T06:00:25Z