Understanding Business

Mini-Quiz: Reducing Business Costs

(updated 19 January 2022)

Take this Mini-Quiz to check your understanding of the lesson material.


QUIZ

Self-check your understanding

  1. What is poor way to reduce costs?

  2. What good is training your workers?

  3. How can suppliers help you to reduce costs?

Pick an answer to see instant feedback. Re-read the lesson if you miss one.

If you got all three correct, you are on your way to becoming a Champion in Business. If you had problems, you had better look over the material again.


Be efficient


Resources and references

The following are resources on this subject:

Websites

ISO 9000

Total Quality Management (TQM)

eCommerce

Business Resources