esb practice Questions and Answers 100%
Correct | Updated 2024
Which elements comprise your marketing? - ANSWER Product, place,
promotion
What are the Characteristics of an entrepreneurial mindset? - ANSWER
Creativity, adaptability, determination, and empathy
You decide to create a candy bar. You take samples to a focus group to get
feedback. Which
stage of the development process are you in? - ANSWER product development
Based on the following which items are true for the product/market - ANSWER
Repeated use of a product is an indicator of product market fit
Product/ market fit occurs when you build something that people want
You open a business and decide to sell shirts. Choose 2 factors in deciding if your
business idea is
a good one. - ANSWER High demand for product
Short term profitability
List the steps of the design thinking process in order. - ANSWER Emphasize
Define
Ideate
Prototype
, Test
Calculate the Return on investment (ROI)
a. Sales Price: $180
b. Cost of Necklace $134.50 - ANSWER 45.50/ 134.50 x 100 = 34%
Choose 3 steps that are part of the sales process. - ANSWER prospect, close
the deal, present the pitch
Choose 2 reasons why a small company would choose a fulfillment center to
distribute their
product. - ANSWER To have better control of product inventory
To ship goods to customers at a lower cost
What is the primary difference between wholesale and retail sales channels? -
ANSWER Wholesale is business to business while retail is business to consumer
You decide that your fitness equipment company needs a better social media
presence, choose
3 marketing methods to use - ANSWER Create an online community for
customers
Use brand influencers
Create company profiles on relevant online platforms
Based on the balance sheet numbers provided, what is your equity
a.
Correct | Updated 2024
Which elements comprise your marketing? - ANSWER Product, place,
promotion
What are the Characteristics of an entrepreneurial mindset? - ANSWER
Creativity, adaptability, determination, and empathy
You decide to create a candy bar. You take samples to a focus group to get
feedback. Which
stage of the development process are you in? - ANSWER product development
Based on the following which items are true for the product/market - ANSWER
Repeated use of a product is an indicator of product market fit
Product/ market fit occurs when you build something that people want
You open a business and decide to sell shirts. Choose 2 factors in deciding if your
business idea is
a good one. - ANSWER High demand for product
Short term profitability
List the steps of the design thinking process in order. - ANSWER Emphasize
Define
Ideate
Prototype
, Test
Calculate the Return on investment (ROI)
a. Sales Price: $180
b. Cost of Necklace $134.50 - ANSWER 45.50/ 134.50 x 100 = 34%
Choose 3 steps that are part of the sales process. - ANSWER prospect, close
the deal, present the pitch
Choose 2 reasons why a small company would choose a fulfillment center to
distribute their
product. - ANSWER To have better control of product inventory
To ship goods to customers at a lower cost
What is the primary difference between wholesale and retail sales channels? -
ANSWER Wholesale is business to business while retail is business to consumer
You decide that your fitness equipment company needs a better social media
presence, choose
3 marketing methods to use - ANSWER Create an online community for
customers
Use brand influencers
Create company profiles on relevant online platforms
Based on the balance sheet numbers provided, what is your equity
a.
