ESB1 Gmetrix Latest Update Already Passed

ESB1 Gmetrix Latest Update Already Passed You need to create a legal structure for your small business. You would like some of the benefits enjoyed by large corporations, but do not want to be taxed twice. You have four partners who will be shareholders. None of you plan to sell your ownership shares to the public, but do want to be protected from business liabilities. Which legal structure should you set up for your business? S-Corporation Successful entrepreneurs have mindsets that typically possess which three characteristics? responsible, adaptable, tenacious Which is one of the greatest benefits of being an entrepreneur? Schedule control Which three characteristics help identify a business opportunity? Service, Price, Quality The owner of a landscaping business has noticed that none of their computers are including ponds or other water features in the gardens they create. the landscaper wants to determine the viability of this business opportunity. What should this entrepreneur do FIRST before offering to design and build water features as part of their landscaping business? Ask the customers in the area if they are interested in adding a water feature to their gardens. Which two documents summarize the business plan of a company? Lean Canvas, Pitch Deck Which three elements are required to have a Trade Secret? 1) Subject to reasonable efforts to maintain its secrecy 2) Others cannot legitimately obtain the information 3) Information has economic value not generally known What is a Target Market? Customers to whom a company wants to sell its products and services. Which two are offline marketing platforms? TV ads, Flyers and Pamphlets Your company manufactures 72 hr. emergency kits and sells them for low profit margin. You want to expand your customer base to increase your sales volume, but you have a limited budget. What marketing method would be the best choice? Social Media A DJ wants to analyze market reactions to the new music selections played at their dance last weekend. He advertises his weekly dances using social media and email. Which would be the most effective way to gather reactions from those who attended the dance? Surveys A hair solon acquired 100 new customers last year. Costs in the marketing and sales areas were the following: Marketing Costs = $1,000