What Is the Foremost Question in Running a Business Enterprise

question 61

Multiple Choice

What is the foremost question in running a business enterprise?

• A) What must managers do, and do well, to make a company a winner in the marketplace?
• B) What can employees do, and do well, to ensure customer satisfaction?
• C) What can shareholders do, and do well, to ensure a profitable company?
• D) What do customers do, how to profile customers who buy a company's product, and tailor sales strategy around them?
• E) What do suppliers do, and how to get supplies at the lowest cost to build a profitable business?

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Definitions:

Employee Ownership

Business ownership in which workers own shares of stock in the company that employs them.

Subchapter S Corporation

A form of corporation in the United States that meets specific Internal Revenue Code requirements, allowing it to be taxed as a pass-through entity, thus avoiding double taxation.

Shareholders

Individuals or entities that own one or more shares of stock in a company, and therefore have a financial interest in its performance.

Cooperative

Organization whose owners join forces to collectively operate all or part of the functions in their business.