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ESB Practice Questions and Answers Graded A+
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Exam of 3 pages for the course esb at esb (ESB Practice)
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ESB PracticeWhich elements comprise your marketing? - answer Product, place, promotion
What are the Characteristics of an entrepreneurial mindset? - answer Creativity,
adaptability, determination, and empathy
You decide to create a candy bar. You take samples to a focus group to get feedback.
Which
stage of the development process are you in? - answer product development
Based on the following which items are true for the product/market - answer Repeated
use of a product is an indicator of product market fit
Product/ market fit occurs when you build something that people want
You open a business and decide to sell shirts. Choose 2 factors in deciding if your
business idea is
a good one. - answer High demand for product
Short term profitability
List the steps of the design thinking process in order. - answer Emphasize
Define
Ideate
Prototype
Test
Calculate the Return on investment (ROI)
a. Sales Price: $180
b. Cost of Necklace $134.50 - answer45.50/ 134.50 x 100 = 34%
Choose 3 steps that are part of the sales process. - answer prospect, close the deal,
present the pitch
Choose 2 reasons why a small company would choose a fulfillment center to distribute
their
product. - answer To have better control of product inventory
To ship goods to customers at a lower cost
What is the primary difference between wholesale and retail sales channels? - answer
Wholesale is business to business while retail is business to consumer
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