Entrepreneurship & Small Business v.2 - U.S. Practice Exam 2 with 100% correct answers
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Course
ESB V2 Certification
Institution
ESB V2 Certification
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 and...
Entrepreneurship & Small Business v.2 - U.S. Practice Exam 2 with 100% correct answers 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 and services online. What are the stages of a business life cycle? 1. Existence: Intro finally exists 2. Survival: Focus shifts to money 3. Success: Stable and profitable 4. Take -off: Expansion happens 5. Maturity: Business separates What are the elements of a design thinking process? 1. Empathize: Research your users needs 2. Define: State the needs 3. Ideate: Create Ideas 4. Prototype: Create solutions 5. Test: Try Solutions _____ multipage document. Answers choices: Pitch Deck, Lean Canvas, or Business Plan Business Plan _____ slide presentation Answers choices: Pitch Deck, Lean Canvas, or Business Plan Pitch Deck
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