Package Deal For ESB Certification Exam Study Guide Questions and Answers Graded A 2024

Flexibility - Ability to adapt, willingness to change Courage - Takes risks in spite of possible losses Empathy - Sensitive to thoughts and feelings of others What are three characteristics of entrepreneurs? - Creativity, Determination, Enthusiasm After a self-assessment, a potential ent...

Quality - _______ is measured by how well the product or service successfully serves its users' purpose. E-commerce sales and door-to-door sales - What are two examples of direct distribution channels? Middlemen - Indirect distribution channels use _______ to sell their products to the end cu...

Quality - _______ is measured by how well the product or service successfully serves its users' purpose. E-commerce sales and door-to-door sales - What are two examples of direct distribution channels? Middlemen - Indirect distribution channels use _______ to sell their products to the end cu...

Flexibility - Ability to adapt, willingness to change Courage - Takes risks in spite of possible losses Empathy - Sensitive to thoughts and feelings of others What are three characteristics of entrepreneurs? - Creativity, Determination, Enthusiasm After a self-assessment, a potential ent...

Mike owns a doggy day care. The business is economically healthy and wants to grow the business money wise. What business life cycle stage is he in. - Take off. What is the difference between small businesses and entrepreneurship? - Small business owner aren't always interested in taking on new ...

Domain 1 Lesson 1 - The key objective of a small business owner is to generate ____ - profits Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their businesses rapidly - risks Tangible items that require pick-up or delivery are ____ products - physical Whe...

James owns a restaurant with beginning cash balance of $5,000, $30,000 in sales, $2,000 in utilities, $6,000 in loans and $4,000 in marketing. What is James ending cash balance? - $24,800 Shelly owns a car dealership. She just received a shipment of teslas and paid $70,000 for each one and wants ...

Entrepreneurship - Setting up business with the aim to make profit. B2B (business-to-business) - Sells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. B2C (business-to-consumer) - Sells products and services directly to cu...

In general, which two characteristics define a "small" business? (Choose two) - Fewer then 1,500 employees AND Less than $35.5 million revenue Classify each of the following businesses as either Physical or Digital. - Physical: - Bakery in your community - Hair salon that makes appoin...

One can expect their sales volume to be ______ when they are in product/market fit. [Elements of the Product/Market Fit Hypothesis] - high Product/market fit is making a product or ________ that many people want. [Elements of the Product/Market Fit Hypothesis] - service A business must provide...

T/F Trademark licensing is used for brand names, logos, or slogans - True This segment describes the benefits to customers based on their wants or needs and how they use the product - Behavioral T/F Trade secret licensing must be registered with the gov - True T/F The design thinking proces...

Entrepreneurship - Correct Ans-Setting up business with the aim to make profit. B2B (business-to-business) - Correct Ans-Sells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. B2C (business-to-consumer) - Correct Ans-Sells ...

Quality - Correct Ans-_______ is measured by how well the product or service successfully serves its users' purpose. E-commerce sales and door-to-door sales - Correct Ans-What are two examples of direct distribution channels? Middlemen - Correct Ans-Indirect distribution channels use ______...

Domain 1 Lesson 1 - Correct Ans- The key objective of a small business owner is to generate ____ - Correct Ans-profits Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their businesses rapidly - Correct Ans-risks Tangible items that require pick-up or delivery...