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ESB Vocabulary 100% Correct

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Break Even Point the point at which the costs of producing a product equal the revenue made from selling the product Break Even Formula Break Even Point = Fixed Costs/Selling Price-Variable Cost Driving Sales a special effort to sell more of a product or service, for example by increasing a...

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  • September 14, 2023
  • 7
  • 2023/2024
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ESB Vocabulary 100% Correct
Break Even Point ✔✔the point at which the costs of producing a product equal the revenue made

from selling the product




Break Even Formula ✔✔Break Even Point = Fixed Costs/Selling Price-Variable Cost




Driving Sales ✔✔a special effort to sell more of a product or service, for example by increasing

advertising




Inventory Loan ✔✔a secured short-term loan to purchase inventory




Operating Loan ✔✔A loan that is intended for short-term financing. This type of loan is often

used for cash flow support or to cover operating expenses from day to day.




Tenacious ✔✔persistent, resolute




Competency ✔✔the ability to do something successfully or efficiently

, Non-Profit Organization ✔✔A business whose goal is to provide a service rather than to make a

profit




Storefront ✔✔The exterior of a business that includes a store's sign or logo, marquee, outdoor

lighting, banners, planters, awnings, windows, the exterior design, ambiance, landscaping, and

lighting of the building




Tax Liability ✔✔the total amount of taxes owed




Demographic ✔✔having certain characteristics in common, such as age, race, or gender




Behavioral ✔✔involving, relating to, or emphasizing behavior




Psychographic ✔✔the study and classification of people according to their attitudes, aspirations,

and other psychological criteria, especially in market research.




Geographic ✔✔of or relating to the natural features, population, industries, etc. of a region

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