ESB V2 CERTIFICATION EXAMS COMPILATION BUNDLE|DOWNLOAD TO PASS

What is SWOT? strengths, weaknesses, opportunities, threats what is the meaning of each letter? Opportunity- by identifying opportunities the business should have a ready made list of new goals to reach. Weakness acting on weakness identified in the swot analysis can be challenging ...

Balance Sheet A document that compares assets to liabilities plus owner's equity. Income Statement A financial statement that details a business's revenue and expenses for a given period. Break-Even Point The point where a business's revenue matches its expenses over a given period. ...

Acquisition costs The cost incurred by a business in relation to the efforts involved in acquiring a new customer. Customer Acquisition Cost (CAC) The total cost of acquiring a new customer. Customer Retention Activities or strategies employed by a business to retain existing customers....

Target Market Identifies the customer group to which a company markets its products and services. Value Proposition Statement that explains why a customer should do business with a company. Primary Data A more accurate and reliable source of customer wants: first-hand accounts, inte...

Market/Fit Hypothesis Exists when you have the right solution to a problem worth solving. Exists when people need your product rather than just seeing a potential benefit of using it. Exists when users love your product so much they tell other people to use it. Growth hypothesis Startups sh...

Product/Market Fit The stage where a business's sales are high and continue to grow because their product or service is something customers want and continue to purchase. MVP Minimum Viable Product is a prototype used to test ease-of-use and functionality to help determine the user's experi...

B2B A business-to-business (B2B) commercial transaction between businesses B2C A business-to-consumer (B2C) transaction Brand recognition The level of familiarity one has with a brand Business Opportunity A situation an entrepreneur analyzes and evaluates to see if starting ...

ESB V2 Domain exam with 100% correct answers.

Market/Fit Hypothesis Exists when you have the right solution to a problem worth solving. Exists when people need your product rather than just seeing a potential benefit of using it. Exists when users love your product so much they tell other people to use it. Onscreen Pop-Up Quizzes Condu...

Selling price formula (cost x desired profit margin) + cost Profit margin formula (percentage/100) = decimal Balance sheet A financial statement that reports assets, liabilities, and owner's equity on a specific date. Equity Assets - Liabilities Net income total inc...

What is entrepreneurship? Setting up a business with the aim to make a profit Examples of B2B 1) Wholesale flooring distributor 2) Purchases requiring a tax exemption certificate Examples of B2C 1) Chain of local grocery stores 2) Motorcycle repair shop S-Corps * Offers ma...

What are 2 characteristics that define a "small business"? Fewer than 1,500 employees. Less than $35.5 million in revenue What is the difference between a physical and a digital business? A physical business sells their goods and services on site. A digital business sells their goods an...

Market/Fit Hypothesis Exists when users love your product so much they tell other people to use it. It exisits when people need your product rather than just seeing a potential benefit of using it. Exists when you have the right solution to a problem worth solving. Growth hypothesis Startups ...

What is Entrepreneurship? Setting up a business with the aim to make a profit. clarify several businesses as either B2B or B2C B2B: •Wholesale flooring distributor •Purchases requiring a tax exemption certificate B2C: •Motorcycle repair shop •Chain of local grocery stores ...