ESB EXAM STUDY GUIDE UPDATED
EXAM 2025 COMPLETE MULTIPLE
CHOICE QUESTION BANK WITH
VERIFIED ANSWERS,DETAILED
EXPLANATIONS AND 100% PASS
GUARANTEE GRADE A+ (LATEST
EDITION!!!!!)
An entrepreneur moves into a small town and notices several
stores selling guns and ammunition. The entrepreneur loves to
compete in competitive shooting events. Based on the scenario
provided, what should be emphasized in marketing to attract
customers? - THE CORRECT ANSWER-Location
An entrepreneur has been working for a flooring business in a
neighboring town. He feels he is ready to open his own flooring
business in his local community. Which should be emphasized
in marketing to attract customers to his new business? - THE
CORRECT ANSWER-Lower Prices
Which is one of the greatest benefits of entrepreneurship? - THE
CORRECT ANSWER-Being your own boss
Which are three risks of entrepreneurship? - THE CORRECT ANSWER-
Long hours, potential business failure, financial insecurity
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 when he requests
time off he is denied because of customer workload.
Which benefit of entrepreneurship will Gabe most enjoy? - THE
CORRECT ANSWER-Autonomy
What is a primary benefit of starting a new business without
purchasing a franchise or buying an existing business? - THE
CORRECT ANSWER-Developing your own rules
A mechanic just graduated from motorcycle repair school and
wants to start a business because there is a lack of motorcycle
repair shops in the local town. Given the facts provided, which
opportunity would be the best choice for the motorcycle
mechanic to open a business? - THE CORRECT ANSWER-Start a new
business and invest $50,000 in modern diagnostic tools.
An entrepreneur who has a hobby in leathercraft wants to turn
it into a business. She wants to sell purses, belts, and other
leathercrafts from her home. Which opportunity for starting a
leathercraft business would have the highest probability of
success? - THE CORRECT ANSWER-Build an online storefront
Based upon the education and skills gained from the years of
vocational training as an auto mechanic, as well as having
grown up in a family of entrepreneurs, a young adult decides to
open an auto mechanic shop. Which customer group will this
new auto mechanic business support? - THE CORRECT ANSWER-
Businesses
The owner of a pizza delivery business is seeking new
customers. The owner has identified a group of potential
, customers that have moved into some new housing within
reaches of his drivers. Which method of segmentation is the
owner using? - THE CORRECT ANSWER-Geographic
A child daycare center needs to identify a value of proposition
that will help parents feel secure about using their services.
Which two initiatives meets this objective? - THE CORRECT ANSWER-
Providing live web cams parents can access from the Internet
by using a secure logon. Offering a list of references from other
parents
The owner of a pet daycare is presenting a plan to investors to
expand the facility and promises the center will meet the needs
of customers with a variety of schedules. What is a legitimate
value proposition for potential customers? - THE CORRECT ANSWER-
Providing extended hours to pickup and drop off pets before
and after work
Which two groups benefit most from a well-written business
plan? - THE CORRECT ANSWER-Business owner
Investors
Which of the following should be addressed in the description
section of a business plan? - THE CORRECT ANSWER-Target Markets
Easy to setup, but has unlimited liability. - THE CORRECT ANSWER-
Sole Proprietorship
Terminates upon death of a partner - THE CORRECT ANSWER-General
or Limited Partnership
EXAM 2025 COMPLETE MULTIPLE
CHOICE QUESTION BANK WITH
VERIFIED ANSWERS,DETAILED
EXPLANATIONS AND 100% PASS
GUARANTEE GRADE A+ (LATEST
EDITION!!!!!)
An entrepreneur moves into a small town and notices several
stores selling guns and ammunition. The entrepreneur loves to
compete in competitive shooting events. Based on the scenario
provided, what should be emphasized in marketing to attract
customers? - THE CORRECT ANSWER-Location
An entrepreneur has been working for a flooring business in a
neighboring town. He feels he is ready to open his own flooring
business in his local community. Which should be emphasized
in marketing to attract customers to his new business? - THE
CORRECT ANSWER-Lower Prices
Which is one of the greatest benefits of entrepreneurship? - THE
CORRECT ANSWER-Being your own boss
Which are three risks of entrepreneurship? - THE CORRECT ANSWER-
Long hours, potential business failure, financial insecurity
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 when he requests
time off he is denied because of customer workload.
Which benefit of entrepreneurship will Gabe most enjoy? - THE
CORRECT ANSWER-Autonomy
What is a primary benefit of starting a new business without
purchasing a franchise or buying an existing business? - THE
CORRECT ANSWER-Developing your own rules
A mechanic just graduated from motorcycle repair school and
wants to start a business because there is a lack of motorcycle
repair shops in the local town. Given the facts provided, which
opportunity would be the best choice for the motorcycle
mechanic to open a business? - THE CORRECT ANSWER-Start a new
business and invest $50,000 in modern diagnostic tools.
An entrepreneur who has a hobby in leathercraft wants to turn
it into a business. She wants to sell purses, belts, and other
leathercrafts from her home. Which opportunity for starting a
leathercraft business would have the highest probability of
success? - THE CORRECT ANSWER-Build an online storefront
Based upon the education and skills gained from the years of
vocational training as an auto mechanic, as well as having
grown up in a family of entrepreneurs, a young adult decides to
open an auto mechanic shop. Which customer group will this
new auto mechanic business support? - THE CORRECT ANSWER-
Businesses
The owner of a pizza delivery business is seeking new
customers. The owner has identified a group of potential
, customers that have moved into some new housing within
reaches of his drivers. Which method of segmentation is the
owner using? - THE CORRECT ANSWER-Geographic
A child daycare center needs to identify a value of proposition
that will help parents feel secure about using their services.
Which two initiatives meets this objective? - THE CORRECT ANSWER-
Providing live web cams parents can access from the Internet
by using a secure logon. Offering a list of references from other
parents
The owner of a pet daycare is presenting a plan to investors to
expand the facility and promises the center will meet the needs
of customers with a variety of schedules. What is a legitimate
value proposition for potential customers? - THE CORRECT ANSWER-
Providing extended hours to pickup and drop off pets before
and after work
Which two groups benefit most from a well-written business
plan? - THE CORRECT ANSWER-Business owner
Investors
Which of the following should be addressed in the description
section of a business plan? - THE CORRECT ANSWER-Target Markets
Easy to setup, but has unlimited liability. - THE CORRECT ANSWER-
Sole Proprietorship
Terminates upon death of a partner - THE CORRECT ANSWER-General
or Limited Partnership
