Quality - ANSWER _______ is measured by how well the product or service successfully serves its users' purpose.
E-commerce sales and door-to-door sales - ANSWER What are two examples of direct distribution channels?
Middlemen - ANSWER Indirect distribution channels use _______ to sell their p...
ESB V2 Certification 2023/2024
Questions & Answers
Quality - ANSWER _______ is measured by how well the product or service
successfully serves its users' purpose.
E-commerce sales and door-to-door sales - ANSWER What are two examples of direct
distribution channels?
Middlemen - ANSWER Indirect distribution channels use _______ to sell their products
to the end customers.
Idea - ANSWER The first stage of the product/market fit is the ________ stage.
prototype - ANSWER The second stage of the product/market fit is the ________ stage.
launch - ANSWER The third stage of the product/market fit is the ________ stage.
traction - ANSWER The fourth stage of the product/market fit is the ________ stage.
monetization - ANSWER The fifth stage of the product/market fit is the ________ stage.
growth - ANSWER The sixth and final stage of the product/market fit is the ________
stage.
Set quality standards - ANSWER The first step of creating a quality control process is to
_____________.
Establish the method of testing product quality - ANSWER The second step of creating
a quality control process is to _____________.
Review the internal quality testing results - ANSWER The third step of creating a quality
control process is to _____________.
Refine and improve quality methods and measures as needed. - ANSWER The fourth
step of creating a quality control process is to _____________.
Employee - ANSWER Sarah is a(n) ________ because she performs tasks while
abiding by company policies and receives a wage for her work.
Success - ANSWER Sharon is in the ________ stage because she is earning more
money, and the company's finances are doing well. Because she is not yet preparing to
finance future growth, she is not yet in the take-off stage.
, Trade secret - ANSWER Knowing a process has been tested and works well is valuable
to companies as they can assume it would work just as successfully for their company.
As a result, companies may want to use __________ materials.
Business plan - ANSWER A written document that details how a business will be
structured, managed, run, and grown.
Pitch deck - ANSWER A brief overview of a business plan, the products and services
that will be provided, the funding needed, and financial projections.
Lean canvas - ANSWER Covers problems and solutions, value propositions, marketing
channels, key metrics, costs, and revenue without all of the business plan details.
Critical thinking - ANSWER ___________ involves solving problems in the best way by
considering various potential solutions to the problem.
Creativity and innovation - ANSWER _________________ bring new and
unconventional ideas to the table and finding creative and new solutions to the way
things are done.
Collaboration - ANSWER ______________ is working with others toward a common
goal.
Problem solving - ANSWER ______________ is coming up with solutions to solve a
problem.
Personal agency - ANSWER _____________ is working towards achieving a goal
without someone directing and ensuring it is being done.
Ethical practices - ANSWER ______________ involve decision-making based on
morals and doing the right thing.
Social responsibilities - ANSWER _____________ involve preventing and removing any
corruption and unethical behavior that could harm a business, the community, or the
environment.
They must obtain ownership of the patent - ANSWER What must happen before one
can use someone else's patent?
Newspaper marketing - ANSWER With ________, it is easy to target a specific
geographic location.
(cost * desired profit margin) + cost - ANSWER What is the formula for selling price?
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