ESB v.2 Domain 1 Entrepreneurship & Small Business Concepts exam questions and answers
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Course
ESB V2 Certification
Institution
ESB V2 Certification
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...
ESB v.2 Domain 1 Entrepreneurship & Small Business Concepts exam questions and answers B2B - answer A business -to-business (B2B) commercial transaction between businesses B2C - answer A business -to-consumer (B2C) transaction Brand recognition - answer The level of familiarity one has with a brand Business Opportunity - answer A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible Business Plan - answer A document that addresses the concept, customers, and capital for a business C Corporation - answer A C corporation is a legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity. C corporations are also subject to corporate income taxation. The taxing of profits from the business is at both corporate and personal levels, creating a double taxation situation. CEO - answer The Chief Executive Officer (CEO) holds a leadership role within a business. The CEO oversees a business's operations and resources and makes the major decisions for the company.
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