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ESB Study Review Questions and Answers 2024
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Exam of 5 pages for the course esb at esb (ESB Study Review)
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ESB Study ReviewWhat to research for competitive information (What to research about your competition.
- answer pricing and marketing
She has a fix cost of 3,000 and the average cost of the item is 2.25 and she sells it for
4.25.
What is her break-even cost? - answer 1,500
( 3000/(4.25-2.25)2=1,500)
Break even= fix cost/profit)
What is angel investor, crowdfunding, bootstrapping, and incubators? - answer Angel
investors- invest for equity
Crowd funding- An online method of fundraising(social media)
Bootstrapping- When the start-up cost comes mainly from the owners personal savings
Incubators- Various programs that provide support to start-ups(coaching, money, ect.)
A LLC must pay taxes T/F - answer True
What are 3 services that incubators offer to start-up companies? - answer Money
Training
Coaching
Workspace
What expenses are considered a startup? - answer License
Permits
Click-through rate type of business key performance indicators is? - answer
Marketing Metrics
What would lead to updated safety procedures - answer Increased injuries/deaths
Taking on business debt is a requirement for entrepreneurship
True or False - answer False
What type of agreement do you need for a company to sell your logo? - answer
Licensing agreement
, One objective of entrepreneurship is to make a profit.
true or false - answer True
What sale metrics type can a company use to analyze its performance? - answer
Market Penetration
Year-Over-Year Growth
Net Promoter Score (NPS)
definition: what is cto, ceo, coo, cmo, cfo? - answer The chief technology officer
(CTO)
The chief executive officer (CEO)
The chief operational officer (COO)
The chief marketing officer (CMO)
The chief Financial officer (CFO)
Calculate the rate of investment ROI - answer ROI = Net income / Cost of investment
x 100.
money spent/profit
what are the risks of being an entrepreneur? - answer -Depending on cash
-competition
-Market demand for product/service
What is an opportunity in the SWOT analysis business - answer less competitors
Operating expenses reflect the operational activities, not the investing or financing
activities of a company - answer True
Potential drawbacks of being an entrepreneur - answer Competition with others
-Longer work hours
- inconsistent income
Fulfillment centers acquire goods from multiple vendors and deliver them to a customer
- answer True
Wholesalers are part of a direct distribution channel - answer True
Fulfillment centers are part of a direct distribution channel - answer False
types of production processes for a product (5) - answer Mass production
-Batch production
-Just-in time production
-Job production
-Service production
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