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ESB Study Review Questions and Answers 100% Correct | Updated 2024 $10.99   Add to cart

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ESB Study Review Questions and Answers 100% Correct | Updated 2024

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ESB Study Review Questions and Answers 100% Correct | Updated 2024

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  • July 25, 2024
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ESB Study Review Questions and Answers
100% Correct | Updated 2024
What to research for competitive information (What to research about your
competition. - ANSWER 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? - ANSWER 1,500
( 3000/(4.25-2.25)2=1,500)
Break even= fix cost/profit)


What is angel investor, crowdfunding, bootstrapping, and incubators? -
ANSWER 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 - ANSWER True

, What are 3 services that incubators offer to start-up companies? - ANSWER
Money
Training
Coaching
Workspace


What expenses are considered a startup? - ANSWER License
Permits


Click-through rate type of business key performance indicators is? - ANSWER
Marketing Metrics


What would lead to updated safety procedures - ANSWER Increased
injuries/deaths


Taking on business debt is a requirement for entrepreneurship

True or False - ANSWER False


What type of agreement do you need for a company to sell your logo? -
ANSWER Licensing agreement


One objective of entrepreneurship is to make a profit.

true or false - ANSWER True

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