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ESB Vocabulary Questions and Answers 2023
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ESB Vocabulary Questions and Answers 2023 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 ...

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  • May 16, 2023
  • 3
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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  • esb vocabulary questions and answers 2023
  • break even point the point at which the costs of producing a product equal the revenue made from selling the product
  • operating loan a loan that is intended fo

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ESB Vocabulary Questions and Answers
2023
Break Even Point - answer the point at which the costs of producing a product equal
the revenue made from selling the product

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

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

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

Operating Loan - answer 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 - answer persistent, resolute

Competency - answer the ability to do something successfully or efficiently

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

Storefront - answer 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 - answer the total amount of taxes owed

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

Behavioral - answer involving, relating to, or emphasizing behavior

Psychographic - answer the study and classification of people according to their
attitudes, aspirations, and other psychological criteria, especially in market research.

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

Angel Investors - answer individuals who invest in start-up companies with high
growth potential in exchange for a share of ownership

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