ESB V.2 EXAM 2
A bakery has evolved a new artisan bread. The workforce are freely giving flavor samples to
customers as they input the store.
What are two standards the bakery can use to decide the best in their new product? (Choose ) -
ANS-Measure income of the brand new bread after customers have sampled it.
AND
Observe patron reactions at the same time as they taste the product.
A barber fees $20.00 according to haircut. The total price for walking his domestic-based
commercial enterprise is $four,000.00 in step with month, which includes his profits of $3,000 in
keeping with month. The minimal range of haircuts he must do to cover all of those prices and
his revenue is 200 per month.
The barber desires to boom his revenue to $4,000 according to month, making his overall
month-to-month charges $5,000. What is the minimal fee he ought to price for each of the two
hundred haircuts so he can cover this increased income? - ANS-$25
A nearby eating place prides itself in having a excessive range of go back customers. To
construct loyalty, the owner of the restaurant gives a unfastened Prime Rib dinner (fee $20) to
any customer who purchases a meal all through 10 previous visits. Meals bought are tracked
via stamps on a Loyalty Card.
At the quit of a month, the owner decides to calculate the customer retention cost. The records
is the subsequent:
- Number of Customers at Start of Month = 100
- Number of Customers at End of Month = 120
- Number of New Customers = 40
- Value of Free Dinners Redeemed = $240
What changed into the Customer Retention Cost? - ANS-$three
A rancher is preparing to retire. He is thinking about promoting half of his land and giving the
opposite half of to his youngsters. He hears that development for a ski hotel turned into simply
accepted on land adjoining to his property.
Which feasible enterprise opportunity does the retiring rancher foresee? - ANS-An boom in land
cost
Classify each of the following agencies as either Physical or Digital. - ANS-Physical:
- Bakery in your network
, - Hair salon that makes appointments online
Digital:
- Online shop that dropships tenting equipment
- Bookstore on Amazon that sells eBooks
Complete the sentence approximately enterprise files via selecting the correct alternative from
every dropdown list.
A _____ is a multi-page file describing and detailing a enterprise.
A slide presentation for potential investors that summarizes of the key items of a commercial
enterprise is referred to as a _____.
A _____ is a single-web page commercial enterprise summary template that became created by
using Ash Maurya. - ANS-Blank 1: Business Plan
Blank 2: Pitch Deck
Blank three: Lean Canvas
For every declaration approximately Product/Market Fit, pick out True or False. - ANS-True:
- A in shape exists when people need your product in place of just seeing a potential gain of the
usage of it.
- Before hypothesizing a solution, first determine if there's a trouble well worth fixing.
- When customers love your product so much they tell other humans to apply it, you've got
product/market fit.
False:
- Startups must broaden a boom speculation before checking out their price hypothesis.
For every declaration about Requirements to Obtain Funding, choose True or False. -
ANS-True:
- Bootstrapping requires the proprietor(s) of the corporation to offer all of the investment.
- Equity financing calls for a enterprise owner to surrender manipulate of the enterprise to gain
investment.
False:
- Lenders do now not require owners to become aware of the reason of the mortgage.
- The enterprise owner's non-public credit rating does not have an effect on their capability to
qualify for a mortgage.
For each declaration approximately Start-Up Costs and Operating Costs, select True or False. -
ANS-True:
- Logo and web site design are examples of begin-up fees.
- Operating prices encompass payroll.
- Building upgrades must be calculated into begin-up expenses.
A bakery has evolved a new artisan bread. The workforce are freely giving flavor samples to
customers as they input the store.
What are two standards the bakery can use to decide the best in their new product? (Choose ) -
ANS-Measure income of the brand new bread after customers have sampled it.
AND
Observe patron reactions at the same time as they taste the product.
A barber fees $20.00 according to haircut. The total price for walking his domestic-based
commercial enterprise is $four,000.00 in step with month, which includes his profits of $3,000 in
keeping with month. The minimal range of haircuts he must do to cover all of those prices and
his revenue is 200 per month.
The barber desires to boom his revenue to $4,000 according to month, making his overall
month-to-month charges $5,000. What is the minimal fee he ought to price for each of the two
hundred haircuts so he can cover this increased income? - ANS-$25
A nearby eating place prides itself in having a excessive range of go back customers. To
construct loyalty, the owner of the restaurant gives a unfastened Prime Rib dinner (fee $20) to
any customer who purchases a meal all through 10 previous visits. Meals bought are tracked
via stamps on a Loyalty Card.
At the quit of a month, the owner decides to calculate the customer retention cost. The records
is the subsequent:
- Number of Customers at Start of Month = 100
- Number of Customers at End of Month = 120
- Number of New Customers = 40
- Value of Free Dinners Redeemed = $240
What changed into the Customer Retention Cost? - ANS-$three
A rancher is preparing to retire. He is thinking about promoting half of his land and giving the
opposite half of to his youngsters. He hears that development for a ski hotel turned into simply
accepted on land adjoining to his property.
Which feasible enterprise opportunity does the retiring rancher foresee? - ANS-An boom in land
cost
Classify each of the following agencies as either Physical or Digital. - ANS-Physical:
- Bakery in your network
, - Hair salon that makes appointments online
Digital:
- Online shop that dropships tenting equipment
- Bookstore on Amazon that sells eBooks
Complete the sentence approximately enterprise files via selecting the correct alternative from
every dropdown list.
A _____ is a multi-page file describing and detailing a enterprise.
A slide presentation for potential investors that summarizes of the key items of a commercial
enterprise is referred to as a _____.
A _____ is a single-web page commercial enterprise summary template that became created by
using Ash Maurya. - ANS-Blank 1: Business Plan
Blank 2: Pitch Deck
Blank three: Lean Canvas
For every declaration approximately Product/Market Fit, pick out True or False. - ANS-True:
- A in shape exists when people need your product in place of just seeing a potential gain of the
usage of it.
- Before hypothesizing a solution, first determine if there's a trouble well worth fixing.
- When customers love your product so much they tell other humans to apply it, you've got
product/market fit.
False:
- Startups must broaden a boom speculation before checking out their price hypothesis.
For every declaration about Requirements to Obtain Funding, choose True or False. -
ANS-True:
- Bootstrapping requires the proprietor(s) of the corporation to offer all of the investment.
- Equity financing calls for a enterprise owner to surrender manipulate of the enterprise to gain
investment.
False:
- Lenders do now not require owners to become aware of the reason of the mortgage.
- The enterprise owner's non-public credit rating does not have an effect on their capability to
qualify for a mortgage.
For each declaration approximately Start-Up Costs and Operating Costs, select True or False. -
ANS-True:
- Logo and web site design are examples of begin-up fees.
- Operating prices encompass payroll.
- Building upgrades must be calculated into begin-up expenses.
