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ESB certification vocabulary Questions and Answers
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ESB certification vocabulary
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ESB certification vocabularyBreak Even Formula - answer To calculate the break-even point in units use the
formula: Break-Even point (units) = Fixed Costs ÷ (Sales price per unit - Variable costs
per unit) or in sales dollars using the formula: Break-Even point (sales dollars) = Fixed
Costs ÷ Contribution Margin.
Driving Sales - answer the largest automotive marketing resource and car dealer
social network, providing industry best practices and more
Inventory Loan - answer The loan is collateralized by the inventory it is used to
purchase.
Operating Loan - answer (also called a line of credit) is a short-term, flexible loan
that a business can use as needed to borrow up to a pre-set amount of money.To
ensure it will be repaid, the bank will often include a claim on the company's inventory
and accounts receivable as part of the loan agreement.
Tenacious - answer tending to keep a firm hold of something; clinging or adhering
closely
Competency - answer a set of particular abilities and knowledge that sets a company
apart from its competitors.
Non-Profit Organization - answer organization is a group organized for purposes
other than generating profit and in which no part of the organization's income is
distributed to its members, directors, or officers.
Storefront - answer Store exterior which reflects on the image of the business
Tax Liability - answer the total amount of tax debt owed by an individual, corporation,
or other entity to a taxing authority like the Internal Revenue Service (IRS).
Demographic - answer the collection and analysis of broad characteristics about
groups of people and populations.
Behavioral - answer divides consumers according to behavior patterns as they
interact with a company
Psychographic - answer the qualitative methodology of studying consumers based
on psychological characteristics and traits such as values, desires, goals, interests, and
lifestyle choices.
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