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ESB V2 Certification Exam Solved 2023
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ESB V2 Certification Exam Solved 2023
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ESB V2 Certification Exam Solved 2023QualityAnswer - _______ is measured by how well the product or service
successfully serves its users' purpose.
E-commerce sales and door-to-door salesAnswer - What are two examples of direct
distribution channels?
MiddlemenAnswer - Indirect distribution channels use _______ to sell their products
to the end customers.
IdeaAnswer - The first stage of the product/market fit is the ________ stage.
prototypeAnswer - The second stage of the product/market fit is the ________ stage.
launchAnswer - The third stage of the product/market fit is the ________ stage.
tractionAnswer - The fourth stage of the product/market fit is the ________ stage.
monetizationAnswer - The fifth stage of the product/market fit is the ________ stage.
growthAnswer - The sixth and final stage of the product/market fit is the ________
stage.
Set quality standardsAnswer - The first step of creating a quality control process is to
_____________.
Establish the method of testing product qualityAnswer - The second step of creating
a quality control process is to _____________.
Review the internal quality testing resultsAnswer - The third step of creating a quality
control process is to _____________.
Refine and improve quality methods and measures as needed.Answer - The fourth
step of creating a quality control process is to _____________.
EmployeeAnswer - Sarah is a(n) ________ because she performs tasks while
abiding by company policies and receives a wage for her work.
SuccessAnswer - Sharon is in the ________ stage because she is earning more
money, and the company's finances are doing well. Because she is not yet preparing
to finance future growth, she is not yet in the take-off stage.
Trade secretAnswer - Knowing a process has been tested and works well is valuable
to companies as they can assume it would work just as successfully for their
company. As a result, companies may want to use __________ materials.
Business planAnswer - A written document that details how a business will be
structured, managed, run, and grown.
Pitch deckAnswer - A brief overview of a business plan, the products and services
that will be provided, the funding needed, and financial projections.
, ESB V2 Certification Exam Solved 2023
Lean canvasAnswer - Covers problems and solutions, value propositions, marketing
channels, key metrics, costs, and revenue without all of the business plan details.
Critical thinkingAnswer - ___________ involves solving problems in the best way by
considering various potential solutions to the problem.
Creativity and innovationAnswer - _________________ bring new and
unconventional ideas to the table and finding creative and new solutions to the way
things are done.
CollaborationAnswer - ______________ is working with others toward a common
goal.
Problem solvingAnswer - ______________ is coming up with solutions to solve a
problem.
Personal agencyAnswer - _____________ is working towards achieving a goal
without someone directing and ensuring it is being done.
Ethical practicesAnswer - ______________ involve decision-making based on
morals and doing the right thing.
Social responsibilitiesAnswer - _____________ involve preventing and removing any
corruption and unethical behavior that could harm a business, the community, or the
environment.
They must obtain ownership of the patentAnswer - What must happen before one
can use someone else's patent?
Newspaper marketingAnswer - With ________, it is easy to target a specific
geographic location.
(cost * desired profit margin) + costAnswer - What is the formula for selling price?
(Marketing expenses + Sales expenses)/ number of new customers in the
periodAnswer - What is the formula for calculating Customer Acquisition Cost
(CAC)?
[(Ending number of customers in a period - new customers gained in a
period)/Starting number of customers in a period] * 100Answer - What is the formula
for calculating Customer Retention Rate (CRR)?
EquityAnswer - ___________ is the owner's remaining value after all liabilities have
been deducted.
Assets - LiabilitiesAnswer - What is the formula for calculating equity?
Liabilities + EquityAnswer - What is the formula for calculating assets?
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