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ESB Vocabulary Questions with correct Answers
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Exam of 3 pages for the course esb at esb (ESB Vocabulary)
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ESB VocabularyBreak Even Point - answer the point at which the costs of producing a product equal
the revenue made from selling the product
Break Even Formula - answer Break Even Point = Fixed Costs/Selling Price-Variable
Cost
Driving Sales - answer a special effort to sell more of a product or service, for
example by increasing advertising
Inventory Loan - answer a secured short-term loan to purchase inventory
Operating Loan - answer A loan that is intended for short-term financing. This type of
loan is often used for cash flow support or to cover operating expenses from day to day.
Tenacious - answer persistent, resolute
Competency - answer the ability to do something successfully or efficiently
Non-Profit Organization - answer A business whose goal is to provide a service
rather than to make a profit
Storefront - answer The exterior of a business that includes a store's sign or logo,
marquee, outdoor lighting, banners, planters, awnings, windows, the exterior design,
ambiance, landscaping, and lighting of the building
Tax Liability - answer the total amount of taxes owed
Demographic - answer having certain characteristics in common, such as age, race,
or gender
Behavioral - answer involving, relating to, or emphasizing behavior
Psychographic - answer the study and classification of people according to their
attitudes, aspirations, and other psychological criteria, especially in market research.
Geographic - answer of or relating to the natural features, population, industries, etc.
of a region
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