ESB V2 Certification Exam Questions
and Answers 2024
Quality - Correct Ans-_______ is measured by how well the product or service
successfully serves its users' purpose.
E-commerce sales and door-to-door sales - Correct Ans-What are two examples of
direct distribution channels?
Middlemen - Correct Ans-Indirect distribution channels use _______ to sell their
products to the end customers.
Idea - Correct Ans-The first stage of the product/market fit is the ________ stage.
prototype - Correct Ans-The second stage of the product/market fit is the ________
stage.
launch - Correct Ans-The third stage of the product/market fit is the ________ stage.
traction - Correct Ans-The fourth stage of the product/market fit is the ________ stage.
monetization - Correct Ans-The fifth stage of the product/market fit is the ________
stage.
growth - Correct Ans-The sixth and final stage of the product/market fit is the ________
stage.
Set quality standards - Correct Ans-The first step of creating a quality control process is
to _____________.
Establish the method of testing product quality - Correct Ans-The second step of
creating a quality control process is to _____________.
Review the internal quality testing results - Correct Ans-The third step of creating a
quality control process is to _____________.
Refine and improve quality methods and measures as needed. - Correct Ans-The fourth
step of creating a quality control process is to _____________.
Employee - Correct Ans-Sarah is a(n) ________ because she performs tasks while
abiding by company policies and receives a wage for her work.
, Success - Correct Ans-Sharon 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 - Correct Ans-Knowing 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 - Correct Ans-A written document that details how a business will be
structured, managed, run, and grown.
Pitch deck - Correct Ans-A brief overview of a business plan, the products and services
that will be provided, the funding needed, and financial projections.
Lean canvas - Correct Ans-Covers problems and solutions, value propositions,
marketing channels, key metrics, costs, and revenue without all of the business plan
details.
Critical thinking - Correct Ans-___________ involves solving problems in the best way
by considering various potential solutions to the problem.
Creativity and innovation - Correct Ans-_________________ bring new and
unconventional ideas to the table and finding creative and new solutions to the way
things are done.
Collaboration - Correct Ans-______________ is working with others toward a common
goal.
Problem solving - Correct Ans-______________ is coming up with solutions to solve a
problem.
Personal agency - Correct Ans-_____________ is working towards achieving a goal
without someone directing and ensuring it is being done.
Ethical practices - Correct Ans-______________ involve decision-making based on
morals and doing the right thing.
Social responsibilities - Correct Ans-_____________ 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 - Correct Ans-What must happen before one
can use someone else's patent?
Newspaper marketing - Correct Ans-With ________, it is easy to target a specific
geographic location.
and Answers 2024
Quality - Correct Ans-_______ is measured by how well the product or service
successfully serves its users' purpose.
E-commerce sales and door-to-door sales - Correct Ans-What are two examples of
direct distribution channels?
Middlemen - Correct Ans-Indirect distribution channels use _______ to sell their
products to the end customers.
Idea - Correct Ans-The first stage of the product/market fit is the ________ stage.
prototype - Correct Ans-The second stage of the product/market fit is the ________
stage.
launch - Correct Ans-The third stage of the product/market fit is the ________ stage.
traction - Correct Ans-The fourth stage of the product/market fit is the ________ stage.
monetization - Correct Ans-The fifth stage of the product/market fit is the ________
stage.
growth - Correct Ans-The sixth and final stage of the product/market fit is the ________
stage.
Set quality standards - Correct Ans-The first step of creating a quality control process is
to _____________.
Establish the method of testing product quality - Correct Ans-The second step of
creating a quality control process is to _____________.
Review the internal quality testing results - Correct Ans-The third step of creating a
quality control process is to _____________.
Refine and improve quality methods and measures as needed. - Correct Ans-The fourth
step of creating a quality control process is to _____________.
Employee - Correct Ans-Sarah is a(n) ________ because she performs tasks while
abiding by company policies and receives a wage for her work.
, Success - Correct Ans-Sharon 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 - Correct Ans-Knowing 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 - Correct Ans-A written document that details how a business will be
structured, managed, run, and grown.
Pitch deck - Correct Ans-A brief overview of a business plan, the products and services
that will be provided, the funding needed, and financial projections.
Lean canvas - Correct Ans-Covers problems and solutions, value propositions,
marketing channels, key metrics, costs, and revenue without all of the business plan
details.
Critical thinking - Correct Ans-___________ involves solving problems in the best way
by considering various potential solutions to the problem.
Creativity and innovation - Correct Ans-_________________ bring new and
unconventional ideas to the table and finding creative and new solutions to the way
things are done.
Collaboration - Correct Ans-______________ is working with others toward a common
goal.
Problem solving - Correct Ans-______________ is coming up with solutions to solve a
problem.
Personal agency - Correct Ans-_____________ is working towards achieving a goal
without someone directing and ensuring it is being done.
Ethical practices - Correct Ans-______________ involve decision-making based on
morals and doing the right thing.
Social responsibilities - Correct Ans-_____________ 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 - Correct Ans-What must happen before one
can use someone else's patent?
Newspaper marketing - Correct Ans-With ________, it is easy to target a specific
geographic location.
