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ESB Exam Questions and Answers 100% Correct!!
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Online Networking - ANSWER-Each day, Donnie posts the progress of her new building to Facebook as a countdown to opening her business. What type of networking is Donnie using? Increase of service - ANSWER-Ophelia discovers her competitor's turnaround time is double her turnaround time. What shou...

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  • November 6, 2023
  • 15
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • esb exam questions and answers 100 correct
  • esb exam questions and answers stuvia
  • online networking answer each day donnie posts
  • increase of service answer ophelia discovers he

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ESB Exam Questions and Answers 100%
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Online Networking - ANSWER-Each day, Donnie posts the progress of her new building
to Facebook as a countdown to opening her business. What type of networking is
Donnie using?

Increase of service - ANSWER-Ophelia discovers her competitor's turnaround time is
double her turnaround time. What should Ophelia's new marketing strategy be to woo
back her customers?

Which three things are defined when doing a self-assessment? - ANSWER-Risk
tolerance, strengths, and weaknesses

Which description best fits an entrepreneur? - ANSWER-Willing to take risks

After a self assessment, Julie realizes she has no clue how to figure out whether her
restaurant is profitable. What should Julie
do? - ANSWER-Get some basic accounting knowledge

Which is considered to be the largest risk of being an entrepreneur? - ANSWER-loss of
money

Which two characteristics best describe entrepreneurs? - ANSWER-Creative and
adaptable

Which is considered to be a great immediate benefit of being an entrepreneur? -
ANSWER-More schedule control

Courage - ANSWER-A willingness to take risks despite possible losses

Value achievement - ANSWER-The desire to succeed over the desire of money

Tenacious - ANSWER-A willingness to see things through

Self-reliant - ANSWER-The ability to consistently believe in the entrepreneurial dream

Attending a Chamber of Commerce event - ANSWER-Sharing information with local
businesses

, Talking to people in a store - ANSWER-Face-to-face conversations

Posting information to Facebook - ANSWER-Marketing to online communities

Going to a trade show - ANSWER-Sharing information with others in your industry

Many of Fran's customers complain about a lack of available flooring companies in the
area and that of those companies, the prices are too high. what can be a good
marketing strategy? - ANSWER-Lower prices

Which are traits of a successful entrepreneur? There's three. - ANSWER-patient,
confident, enthusiastic

Which entrepreneurial trait best deals with ambiguity? - ANSWER-patience

Todd is rejected for lack of collateral. Todd then turns to private investors in an effort to
get the business started. What entrepreneurial characteristic is Todd exhibiting? -
ANSWER-Flexibility

In the last 10 years, Ronnie has moved five times to five different states. What about
Ronnie could hamper potential success for this business? - ANSWER-A lack of
patience

Besides defining strengths and weaknesses, what is the other main factor determined
during a self-assessment? - ANSWER-risk tolerance

After a self-assessment, Peter realizes he wants to start a plumbing business, but
doesn't want to risk a lot of his own money. What would be his best option? - ANSWER-
Purchase an existing business

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 are considered risks of being an entrepreneur? (Three) - ANSWER-Long hours,
financial instability, and possibility of failure

Which are considered rewards of being an entrepreneur? (Three) - ANSWER-Bigger
community asset, Working the way one chooses, Better earnings

George wants to take his passion for gold and open a golf academy. What would be
benefits George could enjoy from this experience? (Two) - ANSWER-Financial gain and
satisfaction of pursuing his passion

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