ESB Test 1 || Questions and 100% Verified Answers.
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Course
ESB
Institution
ESB
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 he...
ESB Test 1 || Questions and 100% Verified Answers.
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 her customers? correct answers service
Gabe has worked as a journeyman electrician for an employer for the past 16 years. He is paid a
good salary. His only dissatisfaction is the hours are long and often when he requests time off he
is denied because of customer workload. Recently, two new electricians were hired that do
sloppy work and don't get along well with Gabe. As a resultGabe decides go into business for
himself. Which benefit of entrepreneurship will Gabe most enjoy? correct answers autonomy
A photographer enjoys traveling and having freedom over her own schedule. She would like to
turn her photography hobby into a business. Which are the two greatest benefits she might
experience by turning her hobby into a successful business ? (Choose two ) correct answers
making her own rules
satisfaction
Which two characteristics best describe entrepreneurs? correct answers creative
adaptable
Successful entrepreneurs typically possess which three characteristics? correct answers tenacious
adaptable
responsible
Rey has worked as a transportation coordinator for the past 10 years. Rey often is dissatisfied
with the stagnation of the job and wants to open her own transportation service. Which benefit of
entrepreneurship will be the biggest one for Rey? correct answers autonomy
After a self-assessment, a potential entrepreneur has learned that he knows nothing about
accounting and keeping records for a business. Based upon this finding, what should this
entrepreneur do? correct answers enroll in a beginning level business accounting course at a local
community college
Which are three risks of entrepreneurship? (Choose three) correct answers financial insecurity
potential business failure
long hours
Which are traits of a successful entrepreneur? Choose three answers. correct answers enthusiastic
patient
confident
Fran works for a flooring company in a neighboring town. Many of Fran's customers complain
about a lack of available flooring companies in the area and that of those companies, the prices
, are too high. Should Fran decide to open a flooring business, what can be a good marketing
strategy? correct answers low prices
Besides defining strengths and weaknesses, what is the other main factor determined during a
self-assessment? correct answers Risk tolerance
Which is considered to be a great immediate benefit of being a an entrepreneur? correct answers
more schedule control
George wants to take his passion for golf and open a golf academy. What would be benefits
George could enjoy from this experience? Choose two answers. correct answers financial gains
satisfaction of pursing his passion
Which three things are defined when doing a self-assessment? correct answers weaknesses
strengths
risk tolerance
Which are considered rewards of being an entrepreneur? Choose three answers correct answers
bigger community asset
potential for better earnings compared to regular job
working the way one chooses
Julie wants to open a restaurant. Upon doing a self- assessment, Julie realizes she has no clue
how to figure out whether her restaurant is profitable. What should Julie do? correct answers get
some basic accounting knowledge
An entrepreneur moves into a small town and notices several stores selling guns and
ammunition. The entrepreneur loves to compete in competitive shooting events , but learns there
is no shooting range in the local community. Research into the situation reveals that a large
number of recreational shooters and competitive shooters are traveling to a public range located
in a neighboring town. The entrepreneur decides to open a shooting range in the local
community. Based on the scenario provided, what should be emphasized in marketing to attract
customers? correct answers location
local community correct answers attendance at a chamber of commerce event
your kndustry correct answers participation in a specialized trade show
online communities correct answers Posting on Twitter
Face to face acquaintances correct answers having conversations including one sentence elevator
speech
Which is one of the greatest risks of entrepreneurship? correct answers loss of money
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