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ESB Vocabulary Questions and Answers 100% Correct | Updated 2024
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ESB Vocabulary Questions and Answers 100% Correct | Updated 2024
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ESB Vocabulary Questions and Answers100% Correct | Updated 2024
Break 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
Angel Investors - ANSWER individuals who invest in start-up companies with
high growth potential in exchange for a share of ownership
Initial Public Offering - ANSWER the first time a company issues stock that may
be bought by the general public
electronic point of sale system - ANSWER can help small businesses like yours
manage your business more effectively, and improve your customers' experience
with you.
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