Entrepreneurship and Small Business (ESB) Pre-test 2023 (solved)
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ESB
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ESB
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 ...
entrepreneurship and small business esb pre test 2023 solved
a head chef conducts a survey of other restaurants in the area the chef notices that most cu
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Entrepreneurship and Small Business
(ESB) Pre-test 2023 (solved)
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 delayed. The chef believes that
having a short-order cook dedicated to preparing carryout orders will make his
restaurant the fastest and most dependable place for takeout customers.
By spending scare resources on hiring a short-order cook, what competitive advantage
factor is the chef trying to achieve at his/her restaurant?
Personal Financial Insecurity - Answer- What is considered to be primary risk for an
entrepreneur who is launching a start-up company?
Easier to finance a business purchase than a business start-up - Answer- What is a key
benefit of buying an existing small business versus launching a start-up?
Hotels - Answer- A travel agent wants to start-up a new travel company. He pays a
market research company to survey 100 frequent affluent vacation travelers about
luxury travel options. The market research responses:
Which luxury travel service would contribute the most to the profitability of the start-up
business?
A) Sending discount coupons to car owner who lives within 5 miles of the shop
B) Giving current customers a loyalty discount - Answer- A new auto mechanic business
wants to grow revenues. What are marketing methods that promise to create new
customers?
Pick the two best answer.
Providing 24 hour member access - Answer- A fitness trainer is presenting a business
plan for a new studio to investors. The trainer envisions a studio with equipment and
features that will meet the needs of customers with a variety of personal and work
schedules.
What studio feature would appeal to customers with demanding schedules?
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