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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...

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...

In general, which two characteristics define a "small" business? (Choose two) - ️️Fewer then 1,500 employees AND Less than $35.5 million revenue Classify each of the following businesses as either Physical or Digital. - ️️Physical: - Bakery in your community - Hair salon that makes appointments online Digital: - Online store that dropships camping gear - Bookstore on Amazon that sells eBooks You need to create a legal structure for your small business. You have p...

ESB EXAM Study Guide | with complete solution | Latest 2024/25

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ESB V2 Certification Questions With Correct Answers. Quality - answer_______ is measured by how well the product or service successfully serves its users' purpose. E-commerce sales and door-to-door sales - answerWhat are two examples of direct distribution channels? Middlemen - answerIndirect distribution channels use _______ to sell their products to the end customers. Idea - answerThe first stage of the product/market fit is the ________ stage. prototype - answerThe second stage of t...

ESB Exam One (GMETRIX)( Entrepreneurship and Small Business Study Set)2024 What is Entrepreneurship? A) Marketing and selling products. B) Setting up a business with the aim to make a profit. C) Acquiring leadership and managerial skills. D) Quickly advancing in positions within a corporation. - answerB) Setting up a business with the aim to make a profit. You need to create a legal structure for your small business. You would like some of the benefits enjoyed by large corporations, bu...

ESB(Answers for ESB Practice Test Entrepreneurship & Small Business v.2 - U.S. Practice Exam 1 Training)Questions And Answers What is Entrepreneurship? - answerEntrepreneurship is setting up a business with the aim to make a profit. You've been asked to classify several businesses as either B2B or B2C. For each business, select B2B or B2C. - answer"B2B" is an acronym for "business to business," while "B2C" means "business to consumer." B2B businesses sell products and services ...

ESB V2 Certification Questions with Correct Answers. Quality - Answer ️️ -_______ is measured by how well the product or service successfully serves its users' purpose. E-commerce sales and door-to-door sales - Answer ️️ -What are two examples of direct distribution channels? Middlemen - Answer ️️ -Indirect distribution channels use _______ to sell their products to the end customers. Idea - Answer ️️ -The first stage of the product/market fit is the ________ stage. pro...

Entrepreneurship and Small Business (ESB) Pre-test Questions with 100% correct Solutions. Service - Answer ️️ -A head chef conducts a survey of other restaurants in the area. The chef notices that most customer complaints primarily come from takeout order being delayed. The chef believes that having a short-order cook dedicated to primarily come from takeout orders being delayed. The chef believes that having a short-order cook dedicated to primarily come from takeout orders being dela...

ESB Practice Test 2(it explorations semester 2 all correct :3) Already Passed In general, which characteristics define a "small" business? - Answer ️️ -- fewer than 1,500 employees - less than $35.5 million revenue classify each of the following as either physical or digital - Answer ️️ -PHYSICAL: - bakery in your community - hair salon that makes appointments online DIGITAL: - online store that dropships camping gear - bookstore on amazon that sells ebooks you need to creat...

ESB (Answers for ESB Practice Test Entrepreneurship & Small Business v.2 - U.S. Practice Exam 1 Training) Questions and Answers. What is Entrepreneurship? - Answer ️️ -Entrepreneurship is setting up a business with the aim to make a profit. You've been asked to classify several businesses as either B2B or B2C. For each business, select B2B or B2C. - Answer ️️ -"B2B" is an acronym for "business to business," while "B2C" means "business to consumer." B2B businesses sell pro...

ESB Certification Exam 2024 Elements of the Design Thinking Process - Answer ️️ -Stage 1: Emphasize- Research Your Users' Needs Stage 2: Define- State Your Users' Needs and Problems Stage 3: Ideate- Challenge Assumptions and Create Ideas Stage 4: Prototype- Start to Create Solutions Stage 5: Test- Try Your Solutions Out Difference between small businesses and entrepreneurs? - Answer ️️ -Small businesses are not always interested in taking on new business opportunities. Entrepr...

ESB EXAM Study Guide 2024 with Complete Solutions Flexibility - Answer ️️ -Ability to adapt, willingness to change Courage - Answer ️️ -Takes risks in spite of possible losses Empathy - Answer ️️ -Sensitive to thoughts and feelings of others What are three characteristics of entrepreneurs? - Answer ️️ -Creativity, Determination, Enthusiasm After a self-assessment, a potential entrepreneur has learned that she has a very low risk tolerance. Based upon this finding, which a...

ESB Questions and Answers Graded A+ Online Networking - Answer ️️ -Each day, Donnie posts the progress of her new building to Facebook as a countdown to opening her business. What type of networking is Donnie using? Increase of service - Answer ️️ -Ophelia discovers her competitor's turnaround time is double her turnaround time. What should Ophelia's new marketing strategy be to woo back her customers? Which three things are defined when doing a self-assessment? - Answer ️️ -...

ESB Exam One (GMETRIX) (Entrepreneurship and Small Business Study Set) 2024 What is Entrepreneurship? - Answer ️️ -Setting up a business with the aim to make a profit. 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 not want to be protected from business l...

ESB V.2 EXAM 2 SOLVED 100% CORRECT In general, which two characteristics define a "small" business? (Choose two) - Answer ️️ - Fewer then 1,500 employees AND Less than $35.5 million revenue Classify each of the following businesses as either Physical or Digital. - Answer ️️ -Physical: - Bakery in your community - Hair salon that makes appointments online Digital: - Online store that dropships camping gear - Bookstore on Amazon that sells eBooks You need to create a legal str...

ESB Certification Test with Complete Solutions. Entrepreneurship - Answer ️️ -Setting up business with the aim to make profit. B2B (business-to-business) - Answer ️️ -Sells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. B2C (business-to-consumer) - Answer ️️ -Sells products and services directly to customer for personal use. Small buisness - Answer ️️ -A small business is when a business has less than ...