Exam (elaborations)
E.S.B GMETRIX CERTIFICATION TEST QUESTIONS AND ANSWERS
- Course
- Institution
E.S.B GMETRIX CERTIFICATION TEST QUESTIONS AND ANSWERS...
[Show more]
Content preview
E.S.B GMETRIX CERTIFICATION TESTQUESTIONS AND ANSWERS
After doing a self-assessment, Peter realizes he wants to start a
plumbing business, but doesn't want to risk alot of his own money. What
would be his best option? - ANSWER Purchase an existing business
Besides defining strengths and weaknesses, what is the other main
factor determined during a self-assessment? - ANSWER Risk tolerance
Todd wants to open a golf shop. Todd doesn't have any collateral except
for his Ford Pinto. Upon attempting to secure financing from a bank,
Todd is rejected for lack of collateral. Todd then turns to private
investors to get the business started. What entrepreneurial characteristic
is Todd exhibiting? - ANSWER Flexibility
Phyllis owns multiple pet stores. Phyllis opens a new pet store in a
growing area of town but the new store fails and closes after a year.
How should Phyllis best handle this? - ANSWER evaluate why the store
failed and use that knowledge for future ventures
Donnie is new to a town that does not have a doggie daycare facility.
Upon researching the situation, Donnie decides to open a doggie
daycare facility. Which marketing option for this new business should be
a point of emphasis? - ANSWER Location
Which entrepreneurial trait best deals with ambiguity? - ANSWER
Patience
Fran works for a flooring company in a neighboring town. Many of Fran's
customers complain about lack of available flooring companies in the
area and that of those companies, prices are too high. Should Fran
decide to open a flooring business, what can be a good marketing
strategy? - ANSWER Lower prices
, Which are considered rewards of being an entrepreneur? Choose 3
answers. - ANSWER Bigger community asset, better earnings, working
the way one chooses
Rey has worked as a transportation coordinator for the past 10 years.
Rey often is dissatisfied with the stagnation of the job and wants to open
her own transportation service. Which benefit of entrepreneurship will be
the biggest one for Rey? - ANSWER Autonomy
George wants to take his passion for golf and open a golf academy.
What would be benefits George could enjoy from this experience?
Choose 2 answers. - ANSWER Financial gain, pursing ones passion
Which are traits of a successful entrepreneur? Choose 3 answers. -
ANSWER patient, confident, and enthusiastic
Which are considered risks of being an entrepreneur? Choose 3
answers. - ANSWER Long hours, possible business failure, financial
instability
Ronnie wants to start a retail outdoor sports store. In the last 10 years,
Ronnie has moved 5 times to 5 different states. What about Ronnie
could hamper potential success for this business. - ANSWER Lack of
patience
Bruce is an experienced mechanic that grew up in a family of
entrepreneurs. He has decided to open an auto shop that specializes in
alignments, repairs, oil changes, and warranty work for rental fleets,
leasing companies and auto dealerships. Which customer group will
Bruce's company support? - ANSWER business
Phil is a master plumber looking to move his family and his business to a
new city. Before doing so, he needs to determine the demand for the
services his business provides. Given this information, which two factors
should phil consider? - ANSWER how many competitors are in the area
and what are the customers spending patterns in the area
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller luzlinkuz. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now