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Business activity loses any relation to the wider public interest, while business merit is separated from business reward.
In business, merit supposedly determines pay.
But strictly on business merit, its distribution through thousands of gas stations in China leaves it without peer.
In '86, he might have sought a company car and a new business merit bonus to go along with Sterling's high-profile office.
He is intrigued at how entities like Kickstarter -- which has deployed $300 million in young ventures to date -- can help entrepreneurs know really quickly whether or not their ideas have business merit.
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Büchner explained: "Investments are basically judged on their business merits, what the market is like, how the market will develop, what the products are that we manufacture, and what raw materials we have to import or can get locally.
The business merits of sustainability, regardless of personal beliefs, are based on the fact that even the most ardent climate change skeptics in the C-suite face natural resource costs, public relations problems, regulatory burdens, and a green consumer segment.
Many commentators in Britain said Mr. Murdoch appeared to be playing for time, in the hope that public and political anger over the current scandal will abate, making room for politicians and regulators to judge the takeover on its business merits, and not on the basis of retribution for the hacking scandal.
And three decades of disastrous state entanglement in the steel industry show how successfully you can safeguard jobs through subsidies and barriers.If they were wise, European politicians would now be letting Mr Mittal's bid succeed or fail purely on its business merits.
Andersen says Enron failed on business merits.
When considering an investment, the VC team begins by carefully screening the technical and business merits of the proposed company.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com