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ESB 706
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ESB V2 Certification Test 
Questions And Revised 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. 
prototyp...
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ESB•ESB
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ESB V2 Certification Test 
Questions And Revised 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. 
prototyp...
ESB EXAM Study Guide 
Questions And Revised Correct 
Answers 
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 appr...
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Esb•Esb
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ESB EXAM Study Guide 
Questions And Revised Correct 
Answers 
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 appr...
ESB certification vocabulary(Vocab for certification test)2023 
 
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 ...
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ESB•ESB
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Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
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ESB certification vocabulary(Vocab for certification test)2023 
 
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 ...
ESB Certification Exam Study Guide (Answered) Complete Verified Solution 
 
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 limi...
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ESB•ESB
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Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
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ESB Certification Exam Study Guide (Answered) Complete Verified Solution 
 
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 limi...
ESB v.2 Domain 1 Entrepreneurship & Small Business Concepts 
 
B2B 
A business-to-business (B2B) commercial transaction between businesses 
B2C 
A business-to-consumer (B2C) transaction 
Brand recognition 
The level of familiarity one has with a brand 
Business Opportunity 
A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible 
Business Plan 
A document that addresses the concept, customers, and capital for a business 
C Corporation ...
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ESB•ESB
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Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
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ESB v.2 Domain 1 Entrepreneurship & Small Business Concepts 
 
B2B 
A business-to-business (B2B) commercial transaction between businesses 
B2C 
A business-to-consumer (B2C) transaction 
Brand recognition 
The level of familiarity one has with a brand 
Business Opportunity 
A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible 
Business Plan 
A document that addresses the concept, customers, and capital for a business 
C Corporation ...
ESB Exam One (GMETRIX)( Entrepreneurship and Small Business Study Set)2023 
 
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...
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- • 3 pages's •
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ESB•ESB
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Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
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ESB Exam One (GMETRIX)( Entrepreneurship and Small Business Study Set)2023 
 
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 
Which ...
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ESB•ESB
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Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
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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 
Which ...
ESB Practice Test 2(it explorations semester 2 all correct :3)Already Passed!! 
 
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 ...
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- Exam (elaborations)
- • 7 pages's •
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ESB•ESB
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Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
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ESB Practice Test 2(it explorations semester 2 all correct :3)Already Passed!! 
 
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 ...
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 bu...
- Package deal
- Exam (elaborations)
- • 8 pages's •
-
ESB•ESB
-
Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
Preview 2 out of 8 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 bu...
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 bu...
- Package deal
- Exam (elaborations)
- • 8 pages's •
-
ESB•ESB
-
Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
Preview 2 out of 8 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 bu...