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ESB REVIEW Questions and Answers 100% Correct | Updated 2024
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ESB REVIEW Questions and Answers 100% Correct | Updated 2024
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ESB REVIEW Questions and Answers 100%Correct | Updated 2024
Sales Meeting - ANSWER "A conversation between a professional and a
potential customer between their initial contact and the final sale."
Sales Pitch - ANSWER "A persuasive speech prepared by a professional used to
entice potential customers to purchase a service or goods."
Sales Returns - ANSWER "A loss on sales due to product returns, canceled
services, or other given credits."
SBA - ANSWER "The Small Business Administration (SBA) specializes in getting
small business owners help to get their businesses up and running."
SCORE - ANSWER "Previously known as the Service Corps of Retired
Executives, but now known as Counselors to America's Small Business, an agency
which provides mentoring and counseling to current and potential business
owners."
Segmentation Methods - ANSWER "Methods used to target potential
customers. This can include behavioral, demographic, geographic, and
psychographic methods."
Self-Assessment - ANSWER "A tool used to assess strengths, weaknesses, and
risk tolerance of a potential entrepreneur."
, Self-Reliant - ANSWER "A trait in which an entrepreneur consistently believes
in the dream of owning a business. Sometimes the entrepreneur is alone in this
thought."
Separation of Duties - ANSWER "A business practice which refers to the roles
individuals have inside of a company. Under this business practice, not every
employee is expected to perform every responsibility in the company. Each
individual is in charge of a specific job."
Simple Interest - ANSWER "An interest calculation to where the interest
percentage is only applied once on a loan."
Social Media - ANSWER "Websites that allow users to create and share content
with other users, including advertisements."
Sole Proprietorship - ANSWER "A type of business with a single owner. The
business is not shielded from any amount of liability."
Startup Capital - ANSWER "The total amount of money needed to start a
business."
Statement of Cash Flows - ANSWER "A financial document which analyzes
incoming and outgoing cash for a time period."
Supply Chain - ANSWER "The line of communication and resources a company
has with their manufacturers or other business partners."
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