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ESB Certification Q&A Exam Bundle
The ESB Certification Q&A Exam Bundle is your ultimate study resource for excelling in the Entrepreneurship and Small Business (ESB) certification exam.
[Show more]The ESB Certification Q&A Exam Bundle is your ultimate study resource for excelling in the Entrepreneurship and Small Business (ESB) certification exam.
[Show more]An executive summary should briefly explain everything in a business plan in how many pages? Two pages. 
 
Factors that aid in determining whether or not a business opportunity is viable include market size, _____, management of cash flow, management skill sets, and passions. Relationships. 
 
One v...
Preview 2 out of 14 pages
Add to cartAn executive summary should briefly explain everything in a business plan in how many pages? Two pages. 
 
Factors that aid in determining whether or not a business opportunity is viable include market size, _____, management of cash flow, management skill sets, and passions. Relationships. 
 
One v...
Quality _______ is measured by how well the product or service successfully serves its users' purpose. 
 
E-commerce sales and door-to-door sales What are two examples of direct distribution channels? 
 
Middlemen Indirect distribution channels use _______ to sell their products to the end customer...
Preview 2 out of 5 pages
Add to cartQuality _______ is measured by how well the product or service successfully serves its users' purpose. 
 
E-commerce sales and door-to-door sales What are two examples of direct distribution channels? 
 
Middlemen Indirect distribution channels use _______ to sell their products to the end customer...
A law was passed increasing the minimum wage by 30%. The owner of a small landscaping business must now pay all of her laborers 30% higher wages. 
What is the minimum amount the owner must now charge customers for labor to balance her increased operational expenses? 
Note: Disregard associated incre...
Preview 2 out of 6 pages
Add to cartA law was passed increasing the minimum wage by 30%. The owner of a small landscaping business must now pay all of her laborers 30% higher wages. 
What is the minimum amount the owner must now charge customers for labor to balance her increased operational expenses? 
Note: Disregard associated incre...
One can expect their sales volume to be high when they are in ____ fitproduct/market 
 
Product/market fit is making a ____ that many people wantproduct or service 
 
A business must provide customers with quality products to maintain customer ____satisfaction 
 
A Minimum Viable Product (MVP) is a ...
Preview 2 out of 5 pages
Add to cartOne can expect their sales volume to be high when they are in ____ fitproduct/market 
 
Product/market fit is making a ____ that many people wantproduct or service 
 
A business must provide customers with quality products to maintain customer ____satisfaction 
 
A Minimum Viable Product (MVP) is a ...
Which two criteria are required for obtaining venture capital funding? 
1. Multiple business partners 
2. A scalable business model 
3.A profitable exit strategy 
4. Brand new technology A scalable business model and A profitable exit strategy 
 
The design thinking process is highly focused on usi...
Preview 2 out of 9 pages
Add to cartWhich two criteria are required for obtaining venture capital funding? 
1. Multiple business partners 
2. A scalable business model 
3.A profitable exit strategy 
4. Brand new technology A scalable business model and A profitable exit strategy 
 
The design thinking process is highly focused on usi...
The key objective of a small business owner is to generate ____ profits 
 
Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their businesses rapidly risks 
 
Tangible items that require pick-up or delivery are ____ products physical 
 
When a ____ purchases an item fro...
Preview 2 out of 15 pages
Add to cartThe key objective of a small business owner is to generate ____ profits 
 
Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their businesses rapidly risks 
 
Tangible items that require pick-up or delivery are ____ products physical 
 
When a ____ purchases an item fro...
Elements of the Design Thinking Process Stage 1: Emphasize- Research Your Users' Needs 
Stage 2: Define- State Your Users' Needs and Problems 
Stage 3: Ideate- Challenge Assumptions and Create Ideas 
Stage 4: Prototype- Start to Create Solutions 
Stage 5: Test- Try Your Solutions Out 
 
Difference...
Preview 2 out of 10 pages
Add to cartElements of the Design Thinking Process Stage 1: Emphasize- Research Your Users' Needs 
Stage 2: Define- State Your Users' Needs and Problems 
Stage 3: Ideate- Challenge Assumptions and Create Ideas 
Stage 4: Prototype- Start to Create Solutions 
Stage 5: Test- Try Your Solutions Out 
 
Difference...
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