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ESB V2 Certification Questions and Answers Graded A+
ESB V2 Certification
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ESB V2 CertificationQuality - 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 - answerThe sixth and final stage of the product/market fit is the ________
stage.
Set quality standards - answerThe first step of creating a quality control process is to
_____________.
Establish the method of testing product quality - answerThe second step of creating a
quality control process is to _____________.
Review the internal quality testing results - answerThe third step of creating a quality
control process is to _____________.
Refine and improve quality methods and measures as needed. - answerThe fourth step
of creating a quality control process is to _____________.
Employee - answerSarah is a(n) ________ because she performs tasks while abiding
by company policies and receives a wage for her work.
Success - answerSharon 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 - answerKnowing 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 - answerA written document that details how a business will be
structured, managed, run, and grown.
Pitch deck - answerA brief overview of a business plan, the products and services that
will be provided, the funding needed, and financial projections.
Lean canvas - answerCovers 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 - answerWhat must happen before one can
use someone else's patent?
Newspaper marketing - answerWith ________, it is easy to target a specific geographic
location.
(cost * desired profit margin) + cost - answerWhat is the formula for selling price?
(Marketing expenses + Sales expenses)/ number of new customers in the period -
answerWhat is the formula for calculating Customer Acquisition Cost (CAC)?
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