What to research for competitive information (What to research about your competition. - ️️pricing and marketing
She has a fix cost of 3,000 and the average cost of the item is 2.25 and she sells it for 4.25.
What is her break-even cost? - ️️1,500
( 3000/(4.25-2.25)2=1,500)
Break ev...
ESB Study Review
What to research for competitive information (What to research about your competition. - ✔ ✔
pricing and marketing
She has a fix cost of 3,000 and the average cost of the item is 2.25 and she sells it for 4.25.
What is her break-even cost? - ✔ ✔ 1,500
( 3000/(4.25-2.25)2=1,500)
Break even= fix cost/profit)
What is angel investor, crowdfunding, bootstrapping, and incubators? - ✔ ✔ Angel investors- invest
for equity
Crowd funding- An online method of fundraising(social media)
Bootstrapping- When the start-up cost comes mainly from the owners personal savings
Incubators- Various programs that provide support to start-ups(coaching, money, ect.)
A LLC must pay taxes T/F - ✔ ✔ True
What are 3 services that incubators offer to start-up companies? - ✔ ✔ Money
Training
Coaching
Workspace
, What expenses are considered a startup? - ✔ ✔ License
Permits
Click-through rate type of business key performance indicators is? - ✔ ✔ Marketing Metrics
What would lead to updated safety procedures - ✔ ✔ Increased injuries/deaths
Taking on business debt is a requirement for entrepreneurship
True or False - ✔ ✔ False
What type of agreement do you need for a company to sell your logo? - ✔ ✔ Licensing agreement
One objective of entrepreneurship is to make a profit.
true or false - ✔ ✔ True
What sale metrics type can a company use to analyze its performance? - ✔ ✔ Market Penetration
Year-Over-Year Growth
Net Promoter Score (NPS)
definition: what is cto, ceo, coo, cmo, cfo? - ✔ ✔ The chief technology officer (CTO)
The chief executive officer (CEO)
The chief operational officer (COO)
The chief marketing officer (CMO)
The chief Financial officer (CFO)
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