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Entrepreneurship And Small Business (ESB) Pre-Test Exam With 1005 Correct Answers 2024
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Entrepreneurship And Small Business (ESB) Pre-Test Exam With 1005 Correct Answers 2024
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Entrepreneurship And Small Business(ESB) Pre-Test Exam With 1005 Correct
Answers 2024
Service - Correct 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 - Correct 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 - Correct Answer-What
is a key benefit of buying an existing small business versus launching a start-up?
Hotels - Correct 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 - Correct 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 - Correct 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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