E.S.B. gmetrix certification Questions and Answers 2023
After doing a self-assessment, Peter realizes he wants to start a plumbing business, but doesn't want to risk alot of his own money. What would be his best option?
Purchase an existing business
Besides defining strengths and weaknesse...
E.S.B. gmetrix certification Questions
and Answers 2023
After doing a self-assessment, Peter realizes he wants to start a plumbing business, but
doesn't want to risk alot of his own money. What would be his best option? - answer
Purchase an existing business
Besides defining strengths and weaknesses, what is the other main factor determined
during a self-assessment? - answer Risk tolerance
Todd wants to open a golf shop. Todd doesn't have any collateral except for his Ford
Pinto. Upon attempting to secure financing from a bank, Todd is rejected for lack of
collateral. Todd then turns to private investors in an effort to get the business started.
What entrepreneurial characteristic is Todd exhibiting? - answer Flexibility
Phyllis owns multiple pet stores. Phyllis opens a new pet store in a growing area of town
but the new store fails and closes after a year. How should Phyllis best handle this? -
answer evaluate why the store failed and use that knowledge for future ventures
Donnie is new to a town that does not have a doggie day care facility. Upon researching
the situation, Donnie decides to open a doggie day care facility. Which marketing option
for this new business should be a point of emphasis? - answer Location
Which entrepreneurial trait best deals with ambiguity? - answer Patience
Fran works for a flooring company in a neighboring town. Many of Fran's customers
complain about lack of available flooring companies in the area and that of those
companies, prices are too high. Should Fran decide to open a flooring business, what
can be a good marketing strategy? - answer Lower prices
Which are considered rewards of being an entrepreneur? Choose 3 answers. - answer
Bigger community asset, better earnings, working the way one chooses
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? - answer
Autonomy
George wants to take his passion for golf and open a golf academy. What would be
benefits George could enjoy from this experience? Choose 2 answers. - answer
Financial gain, pursing ones passion
Which are traits of a successful entrepreneur? Choose 3 answers. - answer patient,
confident, and enthusiastic
, Which are considered risks of being an entrepreneur? Choose 3 answers. - answer
Long hours, possible business failure, financial instability
Ronnie wants to start a retail outdoor sports store. In the last 10 years, Ronnie has
moved 5 times to 5 different states. What about Ronnie could hamper potential success
for this business. - answer Lack of patience
Bruce is an experienced mechanic that grew up in a family of entrepreneurs. He has
decided to open an auto shop that specializes in alignments, repairs, oil changes, and
warranty work for rental fleets, leasing companies and auto dealerships. Which
customer group will Bruce's company support? - answer business
Phil is a master plumber looking to move his family and his business to a new city.
Before doing so, he needs to determine the demand for the services his business
provides. Given this information, which two factors should phil consider? - answer
how many competitors are in the area and what are the customers spending patterns in
the area
which are 2 advantages of buying franchise? - answer brand recognition and
marketing assistance
which is a benefit of starting a versus buying a franchise or pre-existing business? -
answer owner can create their own rules
Autumn runs a child daycare and wishes to expand her facility to better meet the needs
of her customers schedules. Which is the best value proposition for her customers? -
answer Extended hours for drop off and pick up
Larry has a papercraft hobby and wants to make some money off of it. He wants to sell
custom greeting cards and other items from his home. Given this information, which
opportunity offers the highest probability for success? - answer open an online
business
Chris is a recent technical college grad with certifications in atv and ohv engine repairs.
Which would be the best opportunity fro chris to purse - answer open a new shop
and invest 50,000 in modern diagnostic equipment
Damon is researching the business options available in order to turn his photography
hobby into a business. Which opportunity would give Damon the highest probability for
success? - answer open a studio gallery of sample work
Frank runs a sandwich delivery company and is looking for a new customers. a number
of potential customers have moved into a new housing within his delivery limit. Which
segmentation method is frank currently employing? - answer Geographic
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