ESB Certification Practice 1
A DJ wants to analyze marketplace reactions to the new track alternatives performed at his
dance final weekend. He advertises his weekly dances using social media and electronic mail.
Which would be the most effective way to accumulate reactions from folks that attended the
dance. - ANS-"Surveys"
A hair salon received one hundred new clients final 12 months. Costs in the advertising and
marketing and income regions have been the following:
Marketing prices = $1,000
Sales fees = $10,000
Salaries = $96,000
What changed into the customer acquisition cost? - ANS-$110
To calculate, divide all expenses spent on getting clients through the wide variety of customers.
1,000 + 10,000 = eleven,000
eleven,000/100 = one hundred ten
A regulation was surpassed growing the minimal salary by way of 30%. The proprietor of a small
landscaping business must now pay all of her laborers 30% higher wages. What is the minimum
quantity the proprietor must now price her customers for exertions to stability her increased
operational charges? - ANS-30%
Increasing hourly pay to people by using 30% will force the rate of hard work charged to the
purchaser by using the same quantity.
A photographer desires to do a SWOT Analysis with the characteristics identified.
Setup a SWOT analysis with the characteristics supplied approximately this business by means
of matching the enterprise characteristics with appropriate SWOT element. - ANS-Strengths:
"Large gallery of inventory photos"
Weaknesses: "Working on my own, no professional assist"
Opportunities: "Increase in weddings anticipated as COVID restrictions ease"
Threats: "COVID pandemic restrictions disallow massive own family gatherings."
According to the records in the Balance Sheet, what's your equity within the business?
Assets
, Cash: $10,000
Inventory: $2,000
Equipment: $five,000
Total Assets: $17,000
Liabilities
Credit card balance: $2,500
Long-term debt: $0
Unearned sales: $3,500
Total Liabilities: $6,000 - ANS-$11,000
To calculate equity, subtract Total Liabilities from Total Assets
$17,000 - $6,000 = $eleven,000
Categorize B2B (enterprise to business) vs B2C (business to client) - ANS-B2B:
"Wholesale floors distributor" and "purchases requiring a tax exemption"
B2C:
"Chain of local grocery shops" and "bike repair save"
Classify the following information as either Primary or Secondary. For each business, Primary or
Secondary. - ANS-Primary Data is "A advertising survey you posted on Facebook" and
"Information collected out of your corporation attention organization".
Secondary Data is "Demographic records you obtained from the authorities" and "Facts you
accrued from expert magazine articles".
Define Entrepreneurship - ANS-Setting up a commercial enterprise with the intention to make a
income.
For every assertion approximately Direct Competition and Indirect Competition, pick out actual
or false. - ANS-True:
"Direct Competition is a organization that gives the equal factor you offer", "Indirect Competition
is a business whose services are unique from yours but satisfy the same want", and "When your
audience buys products from a competitor instead of you, this is Indirect Competition".
False:
"All companies that sells items and offerings are Indirect Competitors".
For each announcement approximately Product Quality Control Testing, choose True or False -
ANS-True:
"Refine best measures as needed to boom the extent of pleasure with your product," "Establish
the technique to use for trying out product exceptional," and "Determine what requirements must
be met primarily based on the product and enterprise."
False:
"Review the outcomes of a competition fine assurance checking out," and "Don't spend money
on Product Quality Control Testing until greater than 10% of customers complain."
A DJ wants to analyze marketplace reactions to the new track alternatives performed at his
dance final weekend. He advertises his weekly dances using social media and electronic mail.
Which would be the most effective way to accumulate reactions from folks that attended the
dance. - ANS-"Surveys"
A hair salon received one hundred new clients final 12 months. Costs in the advertising and
marketing and income regions have been the following:
Marketing prices = $1,000
Sales fees = $10,000
Salaries = $96,000
What changed into the customer acquisition cost? - ANS-$110
To calculate, divide all expenses spent on getting clients through the wide variety of customers.
1,000 + 10,000 = eleven,000
eleven,000/100 = one hundred ten
A regulation was surpassed growing the minimal salary by way of 30%. The proprietor of a small
landscaping business must now pay all of her laborers 30% higher wages. What is the minimum
quantity the proprietor must now price her customers for exertions to stability her increased
operational charges? - ANS-30%
Increasing hourly pay to people by using 30% will force the rate of hard work charged to the
purchaser by using the same quantity.
A photographer desires to do a SWOT Analysis with the characteristics identified.
Setup a SWOT analysis with the characteristics supplied approximately this business by means
of matching the enterprise characteristics with appropriate SWOT element. - ANS-Strengths:
"Large gallery of inventory photos"
Weaknesses: "Working on my own, no professional assist"
Opportunities: "Increase in weddings anticipated as COVID restrictions ease"
Threats: "COVID pandemic restrictions disallow massive own family gatherings."
According to the records in the Balance Sheet, what's your equity within the business?
Assets
, Cash: $10,000
Inventory: $2,000
Equipment: $five,000
Total Assets: $17,000
Liabilities
Credit card balance: $2,500
Long-term debt: $0
Unearned sales: $3,500
Total Liabilities: $6,000 - ANS-$11,000
To calculate equity, subtract Total Liabilities from Total Assets
$17,000 - $6,000 = $eleven,000
Categorize B2B (enterprise to business) vs B2C (business to client) - ANS-B2B:
"Wholesale floors distributor" and "purchases requiring a tax exemption"
B2C:
"Chain of local grocery shops" and "bike repair save"
Classify the following information as either Primary or Secondary. For each business, Primary or
Secondary. - ANS-Primary Data is "A advertising survey you posted on Facebook" and
"Information collected out of your corporation attention organization".
Secondary Data is "Demographic records you obtained from the authorities" and "Facts you
accrued from expert magazine articles".
Define Entrepreneurship - ANS-Setting up a commercial enterprise with the intention to make a
income.
For every assertion approximately Direct Competition and Indirect Competition, pick out actual
or false. - ANS-True:
"Direct Competition is a organization that gives the equal factor you offer", "Indirect Competition
is a business whose services are unique from yours but satisfy the same want", and "When your
audience buys products from a competitor instead of you, this is Indirect Competition".
False:
"All companies that sells items and offerings are Indirect Competitors".
For each announcement approximately Product Quality Control Testing, choose True or False -
ANS-True:
"Refine best measures as needed to boom the extent of pleasure with your product," "Establish
the technique to use for trying out product exceptional," and "Determine what requirements must
be met primarily based on the product and enterprise."
False:
"Review the outcomes of a competition fine assurance checking out," and "Don't spend money
on Product Quality Control Testing until greater than 10% of customers complain."
