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esb practice questions and answers

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esb practice questions and answers Which elements comprise your marketing? Product, place, promotion What are the Characteristics of an entrepreneurial mindset? Creativity, adaptability, determination, and empathy You decide to create a candy bar. You take samples to a focus group...

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  • July 9, 2024
  • 3
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • esb practice questions and answers
  • which elements comprise your marketing product p
  • what are the characteristics of an entrepreneurial
  • list the steps of the design thinking process in o

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  • Esb
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esb practice questions and answers


Which elements comprise your marketing? - answer Product, place, promotion

What are the Characteristics of an entrepreneurial mindset? - answer Creativity,
adaptability, determination, and empathy

You decide to create a candy bar. You take samples to a focus group to get feedback.
Which
stage of the development process are you in? - answer product development

Based on the following which items are true for the product/market - answer
Repeated use of a product is an indicator of product market fit
Product/ market fit occurs when you build something that people want

You open a business and decide to sell shirts. Choose 2 factors in deciding if your
business idea is
a good one. - answer High demand for product
Short term profitability

List the steps of the design thinking process in order. - answer Emphasize
Define
Ideate
Prototype
Test

Calculate the Return on investment (ROI)
a. Sales Price: $180
b. Cost of Necklace $134.50 - answer 45.50/ 134.50 x 100 = 34%

Choose 3 steps that are part of the sales process. - answer prospect, close the deal,
present the pitch

Choose 2 reasons why a small company would choose a fulfillment center to distribute
their
product. - answer To have better control of product inventory
To ship goods to customers at a lower cost

What is the primary difference between wholesale and retail sales channels? - answer
Wholesale is business to business while retail is business to consumer

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