ESB CERTIFICATION PACKAGE DEAL

Entrepreneurship - ️️Setting up business with the aim to make profit. B2B (business-to-business) - ️️Sells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. B2C (business-to-consumer) - ️️Sells products and servi...

Domain 1 Lesson 1 - ️️ 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...

What is entrepreneurship? - ️️Setting up a business with the aim to make a profit. For each business, select B2B or B2C. - ️️B2B Purchases requiring a tax exemption certificate. Wholesale flooring distributor. B2C Motorcycle repair shop. Chain of local grocery stores. Which lega...

In general, which two characteristics define a "small" business? (Choose two) - ️️Fewer then 1,500 employees AND Less than $35.5 million revenue Classify each of the following businesses as either Physical or Digital. - ️️Physical: - Bakery in your community - Hair salon that ...

What to research for competitive information (What to research about your competition. - ️️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? - ️️1,500 ( 3000/(4.25-2.25)2=1,500) Break eve...

The owner of a mobile food truck plans to sell tacos , hamburgers, and other foods to employees in a large office complex . Before opening his business , the owner will most likely need to obtain which of the following documents from each employee to verify they have completed a course in food handl...

Break Even Formula - ️️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 S...

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...

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 prod...

James owns a restaurant with beginning cash balance of $5,000, $30,000 in sales, $2,000 in utilities, $6,000 in loans and $4,000 in marketing. What is James ending cash balance? - ️️$24,800 Shelly owns a car dealership. She just received a shipment of teslas and paid $70,000 for each one and ...

Ophelia runs a local seamstress business. Ophelia is losing customers to a competing business. Upon sending an employee over to check out the competition, Ophelia discovers the competitor's turnaround time is double her turnaround time. What should Ophelia's new marketing strategy be to woo back h...

T/F Trademark licensing is used for brand names, logos, or slogans - ️️True This segment describes the benefits to customers based on their wants or needs and how they use the product - ️️Behavioral T/F Trade secret licensing must be registered with the gov - ️️True T/F The desi...