Esb exam stuvia - Guides d'étude, Notes de cours & Résumés

T/F Trademark licensing is used for brand names, logos, or slogans - ANSWER-True This segment describes the benefits to customers based on their wants or needs and how they use the product - ANSWER-Behavioral T/F Trade secret licensing must be registered with the gov - ANSWER-True T/F The design thinking process places a high emphasis on developing customer empathy - ANSWER-True T/F The design thinking process aims to develop solutions to problems - ANSWER-True You want to buy a g...

Acquisition Cost - ANSWER-the cost of obtaining data that you don't have Contingency costs - ANSWER-amount of money included to cover potential events that are not specifically accounted for in a cost estimate Variable Cost - ANSWER-a cost that rises or falls depending on how much is produced fixed costs - ANSWER-costs that do not vary with production or sales level pro forma - ANSWER-financial statement Small Business Administration (SBA) - ANSWER-government agency that helps sm...

True or False: A sales presentation aims to close a sale - ANSWER-False True or False: Prospecting is following up with customers - ANSWER-False True or False: Overcoming customer objections occurs before the sales presentation - ANSWER-False Which two types of information does an income statement provide? A: An indication of profitability B: An analysis of the shareholder equity C: A classification of assets and liabilities D: A classification of revenues and expenses - ANSWER-D: A...

Nonprofit - ANSWER-a type of business that has no owner and does not pay Federal US taxes Marketing Plan - ANSWER-a written plan that outlines a company's marketing strategies Angel investor - ANSWER-An investor who provides funding to a business for a stake in the business in return. C Corporation - ANSWER-A business structure that allows the company to pass its income, losses, deductions, and credits through its shareholders to decrease their taxation. variable costs - ANSWER-fl

What is Entrepreneurship? A) Marketing and selling products. B) Setting up a business with the aim to make a profit. C) Acquiring leadership and managerial skills. D) Quickly advancing in positions within a corporation. - ANSWER-B) Setting up a business with the aim to make a profit. You need to create a legal structure for your small business. You would like some of the benefits enjoyed by large corporations, but do not want to be taxed twice. You have four partners who will be shareh...

James owns a restaurant with beginning cash balance of $5,000, $30,000 in sales, $2,000 in utilities, $6,000 in loans and $4,000 in marketing. What is James ending cash balance? - ANSWER-$24,800 Shelly owns a car dealership. She just received a shipment of teslas and paid $70,000 for each one and wants to make 25%. What should her selling price be? - ANSWER-$87,500 TRUE OR FALSE: Mortgage Payments are Long Term Liabilities - ANSWER-True Equipment is considered ... - ANSWER-a long term a...

what is the key objective of a small business owner is to generate? - ANSWER-Profits Businesses can compensate employees for work they produce when being paid by - ANSWER-piece work Name one benefit of a franchise. - ANSWER-Less risk is evolved Best for international business even with being double-taxed - ANSWER-C corporation Shared financial backing - ANSWER-Partnership Oversees daily operational and administrative functions - ANSWER-COO Has a vested interest in the success o...

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. ...

What is entrepreneurship? - ANSWER-Setting up a business with the aim to make a profit. B2B - ANSWER-Purchases requiring a tax exemption certificate; wholesale flooring distributor B2C - ANSWER-motorcycle repair shop; chain of local grocery stores S - Corporation - ANSWER-offers many of the same benefits as a c corporation, but better for small businesses. 100 shareholders maximum allowed. all must be US citizens or residents. shareholders are not personally responsible for business lia...

True or False: A sales presentation aims to close a sale - ANSWER-False True or False: Prospecting is following up with customers - ANSWER-False True or False: Overcoming customer objections occurs before the sales presentation - ANSWER-False Which two types of information does an income statement provide? A: An indication of profitability B: An analysis of the shareholder equity C: A classification of assets and liabilities D: A classification of revenues and expenses - ANSWER-D: A...