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Session 4: Achieving lowest expenses

Session Quiz

  1. Accumulating wealth depends solely on making money.
    2.

  2. Your company's wealth will grow based on:

  3. Wal-Mart's lowest expenses resulted from:

  4. You can motivate your managers by:

  5. Which firm provides an example of cost cutting that resulted in problems?

  6. The Millionaire Next Door refers to someone living in the biggest house on the block.

  7. Research and product development are optional costs of doing business.

  8. You need to travel first class and live well to impress people with your success.

  9. Which of the following statements is the better business option?

  10. Following the financial collapse of 2008, cost reductions made proved to be only temporary.

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spacer Deciding on a business | The business plan | Home based businesses | Financing the business | Business organization | Licenses and permits | Business insurance | Communication tools | Buying a business or franchise | Location and leasing | Accounting and cash flow | E-Commerce | Opening and marketing | Managing employees | Expanding and handling problems

Getting financial controls in place | Getting your team in place | Customer feedback | Achieving lowest expenses | Develop negotiating skills | Alternatives for capital allocation | E-commerce | Growth by duplication | Vertical integration | Franchising your business | Global expansion | Buying businesses | Public ownership | Selling your business | Considerations for family succession

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