ESB

Quality - ️️_______ is measured by how well the product or service successfully serves its users' purpose. E-commerce sales and door-to-door sales - ️️What are two examples of direct distribution channels? Middlemen - ️️Indirect distribution channels use _______ to sell their products to the end customers. Idea - ️️The first stage of the product/market fit is the ________ stage. prototype - ️️The second stage of the product/market fit is the ________ stage. la...

A law was passed increasing the minimum wage by 30%. The owner of a small landscaping business must now pay all of her laborers 30% higher wages. What is the minimum amount the owner must now charge customers for labor to balance her increased operational expenses? Note: Disregard associated increases in taxes, such as FICA. - ️️-30% You've been asked to classify several businesses as either B2B or B2C For each business, select B2B or B2C. - ️️B2B -Wholesale flooring distributor ...

Break Even Formula - ️️To calculate the break-even point in units use the formula: Break-Even point (units) = Fixed Costs ÷ (Sales price per unit - Variable costs per unit) or in sales dollars using the formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin. Driving Sales - ️️the largest automotive marketing resource and car dealer social network, providing industry best practices and more Inventory Loan - ️️The loan is collateralized by the inventory i...

The owner of a mobile food truck plans to sell tacos , hamburgers, and other foods to employees in a large office complex . Before opening his business , the owner will most likely need to obtain which of the following documents from each employee to verify they have completed a course in food handling safety? - ️️certificate The owner of a pet supply store wants to expand her business and by boarding animals. She has designed plans to add a 30^ prime *60^ prime kennel onto the back of he...

What to research for competitive information (What to research about your competition. - ️️pricing and marketing She has a fix cost of 3,000 and the average cost of the item is 2.25 and she sells it for 4.25. What is her break-even cost? - ️️1,500 ( 3000/(4.25-2.25)2=1,500) Break even= fix cost/profit) What is angel investor, crowdfunding, bootstrapping, and incubators? - ️️Angel investors- invest for equity Crowd funding- An online method of fundraising(social media) ...

What is entrepreneurship? - ️️Setting up a business with the aim to make a profit. For each business, select B2B or B2C. - ️️B2B Purchases requiring a tax exemption certificate. Wholesale flooring distributor. B2C Motorcycle repair shop. Chain of local grocery stores. Which legal structure should you set up for your business? - ️️S-Corporation For each statement about owners of equity in a business, select true or false. - ️️True Founders own equity. partner ow...

Domain 1 Lesson 1 - ️️ The key objective of a small business owner is to generate ____ - ️️profits Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their businesses rapidly - ️️risks Tangible items that require pick-up or delivery are ____ products - ️️physical When a ____ purchases an item from a business, it is a business-to-consumer transaction - ️️customer ____ are for-profit corporations with limited liability - ️️S corpo...

Entrepreneurship - ️️Setting up business with the aim to make profit. B2B (business-to-business) - ️️Sells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. B2C (business-to-consumer) - ️️Sells products and services directly to customer for personal use. Small buisness - ️️A small business is when a business has less than 35.5 million dollars in revenue, and fewer than 1,500 employees. S corporation...

Ophelia runs a local seamstress business. Ophelia is losing customers to a competing business. Upon sending an employee over to check out the competition, Ophelia discovers the competitor's turnaround time is double her turnaround time. What should Ophelia's new marketing strategy be to woo back her customers? - Answer-service Gabe has worked as a journeyman electrician for an employer for the past 16 years. He is paid a good salary. His only dissatisfaction is the hours are long and often ...