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ESB Exam (2023/ 2024) Questions and Answers| Rated A| Verified Answers 1. T/F Patent licensing is used for a new product or invention ~ Answer: True 2. Which two criteria are required for obtaining venture capital funding ~ Answer: ~ A scalable business model ~ A profitable exit strategy 3. For which two reasons should a meal delivery company use direct distribution channels over indirect distribution channels ~ Answer: ~ To lower shipping cost ~ To quick...

ESB(Answers for ESB Practice Test Entrepreneurship & Small Business v.2 - U.S. Practice Exam 1 Training)Questions And Answers. What is Entrepreneurship? Entrepreneurship is setting up a business with the aim to make a profit. You've been asked to classify several businesses as either B2B or B2C. For each business, select B2B or B2C. "B2B" is an acronym for "business to business," while "B2C" means "business to consumer." B2B businesses sell products and services directly to other...

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ESB Practice Test 2 Questions and Answers Rated A+ In general, which characteristics define a "small" business? - fewer than 1,500 employees - less than $35.5 million revenue

ESB EXAM Study Guide Test Questions With Revised Correct Answers What are three characteristics of entrepreneurs? - ANSWER : Creativity, Determination, Enthusiasm After a self-assessment, a potential entrepreneur has learned that she has a very low risk tolerance. Based upon this finding, which approach might be less stressful for the entrepreneur to have her own business? - ANSWER : Buy an existing business that is already successful. An entrepreneur moves into a small town ...