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ESB 628
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ESB certification vocabulary(Vocab for certification 
test)2024 
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 -...
- Exam (elaborations)
- • 3 pages's •
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ESB•ESB
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ESB certification vocabulary(Vocab for certification 
test)2024 
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 -...
ESB Certification Exam Verified 100% Correct!! 
Elements of the Design Thinking Process - 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? - Small businesses are not always 
interested in taking on new business opportunities. 
Entrepreneurs set u...
- Package deal
- Exam (elaborations)
- • 11 pages's •
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ESB•ESB
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ESB (Entrepreneurship and Small Business) Full Tests and Exams BUNDLE - 2024• By AdelineWhitman
Preview 2 out of 11 pages
ESB Certification Exam Verified 100% Correct!! 
Elements of the Design Thinking Process - 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? - Small businesses are not always 
interested in taking on new business opportunities. 
Entrepreneurs set u...
Entrepreneurship and Small Business (ESB) Pre-test 
Questions With 100% correct Solutions. 
Service - 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 delayed. 
The chef b...
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- Exam (elaborations)
- • 4 pages's •
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ESB•ESB
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ESB (Entrepreneurship and Small Business) Full Tests and Exams BUNDLE - 2024• By AdelineWhitman
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Entrepreneurship and Small Business (ESB) Pre-test 
Questions With 100% correct Solutions. 
Service - 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 delayed. 
The chef b...
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. - B) 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 no...
- Package deal
- Exam (elaborations)
- • 5 pages's •
-
ESB•ESB
-
ESB (Entrepreneurship and Small Business) Full Tests and Exams BUNDLE - 2024• By AdelineWhitman
Preview 2 out of 5 pages
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. - B) 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 no...
ESB Questions And Answers Graded A+ 
Online Networking - 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 - 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? - Risk tolerance, strengths, and 
weaknesses 
Wh...
- Package deal
- Exam (elaborations)
- • 14 pages's •
-
ESB•ESB
-
ESB (Entrepreneurship and Small Business) Full Tests and Exams BUNDLE - 2024• By AdelineWhitman
Preview 2 out of 14 pages
ESB Questions And Answers Graded A+ 
Online Networking - 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 - 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? - Risk tolerance, strengths, and 
weaknesses 
Wh...
ESB Practice Test 2 
In general, which characteristics define a "small" business? - - fewer than 1,500 employees 
- less than $35.5 million revenue 
classify each of the following 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 plans for it to grow and hope in 
th...
- Package deal
- Exam (elaborations)
- • 9 pages's •
-
ESB•ESB
-
ESB (Entrepreneurship and Small Business) Full Tests and Exams BUNDLE - 2024• By AdelineWhitman
Preview 2 out of 9 pages
ESB Practice Test 2 
In general, which characteristics define a "small" business? - - fewer than 1,500 employees 
- less than $35.5 million revenue 
classify each of the following 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 plans for it to grow and hope in 
th...
ESB V.2 EXAM 2 SOLVED 100% CORRECT!! 
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 busines...
- Package deal
- Exam (elaborations)
- • 11 pages's •
-
ESB•ESB
-
ESB (Entrepreneurship and Small Business) Full Tests and Exams BUNDLE - 2024• By AdelineWhitman
Preview 2 out of 11 pages
ESB V.2 EXAM 2 SOLVED 100% CORRECT!! 
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 busines...
SB V2 Certification Questions With Correct Answers. 
_______ is measured by how well the product or service successfully serves its users' purpose. - 
Quality 
What are two examples of direct distribution channels? - E-commerce sales and door-to-door 
sales 
Indirect distribution channels use _______ to sell their products to the end customers. - 
Middlemen 
The first stage of the product/market fit is the ________ stage. - Idea 
The second stage of the product/market fit is the ________ stage....
- Package deal
- Exam (elaborations)
- • 5 pages's •
-
ESB•ESB
-
ESB (Entrepreneurship and Small Business) Full Tests and Exams BUNDLE - 2024• By AdelineWhitman
Preview 2 out of 5 pages
SB V2 Certification Questions With Correct Answers. 
_______ is measured by how well the product or service successfully serves its users' purpose. - 
Quality 
What are two examples of direct distribution channels? - E-commerce sales and door-to-door 
sales 
Indirect distribution channels use _______ to sell their products to the end customers. - 
Middlemen 
The first stage of the product/market fit is the ________ stage. - Idea 
The second stage of the product/market fit is the ________ stage....
ESB Certification Test 2024 With Complete Solutions. 
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 e...
- Package deal
- Exam (elaborations)
- • 6 pages's •
-
ESB•ESB
-
ESB (Entrepreneurship and Small Business) Full Tests and Exams BUNDLE - 2024• By AdelineWhitman
Preview 2 out of 6 pages
ESB Certification Test 2024 With Complete Solutions. 
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 e...
ESB Exam Study Guide 2024 With Complete Solutions. 
Flexibility - Ability to adapt, willingness to change 
Courage - Takes risks in spite of possible losses 
Empathy - Sensitive to thoughts and feelings of others 
What are three characteristics of entrepreneurs? - 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 approach might be less stressful for the entrepreneur to have ...
- Package deal
- Exam (elaborations)
- • 14 pages's •
-
ESB•ESB
-
ESB (Entrepreneurship and Small Business) Full Tests and Exams BUNDLE - 2024• By AdelineWhitman
Preview 2 out of 14 pages
ESB Exam Study Guide 2024 With Complete Solutions. 
Flexibility - Ability to adapt, willingness to change 
Courage - Takes risks in spite of possible losses 
Empathy - Sensitive to thoughts and feelings of others 
What are three characteristics of entrepreneurs? - 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 approach might be less stressful for the entrepreneur to have ...