ESB certification vocabulary Questions and Answers 2023
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Course
ESB
Institution
ESB
ESB certification vocabulary Questions and Answers 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)...
esb certification vocabulary questions and answers 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
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ESB certification vocabulary Questions
and Answers 2023
Break Even Formula - answer 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 - answer the largest automotive marketing resource and car dealer
social network, providing industry best practices and more
Inventory Loan - answer The loan is collateralized by the inventory it is used to
purchase.
Operating Loan - answer (also called a line of credit) is a short-term, flexible loan
that a business can use as needed to borrow up to a pre-set amount of money.To
ensure it will be repaid, the bank will often include a claim on the company's inventory
and accounts receivable as part of the loan agreement.
Tenacious - answer tending to keep a firm hold of something; clinging or adhering
closely
Competency - answer a set of particular abilities and knowledge that sets a company
apart from its competitors.
Non-Profit Organization - answer organization is a group organized for purposes
other than generating profit and in which no part of the organization's income is
distributed to its members, directors, or officers.
Storefront - answer Store exterior which reflects on the image of the business
Tax Liability - answer the total amount of tax debt owed by an individual, corporation,
or other entity to a taxing authority like the Internal Revenue Service (IRS).
Demographic - answer the collection and analysis of broad characteristics about
groups of people and populations.
Behavioral - answer divides consumers according to behavior patterns as they
interact with a company
Psychographic - answer the qualitative methodology of studying consumers based
on psychological characteristics and traits such as values, desires, goals, interests, and
lifestyle choices.
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