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ESB Certification Question and answers verified to pass 2024
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ESB Certification Question and answers verified to pass 2024 Entrepreneur - correct answer An individual with an idea to offer an innovative product or service about which they are passionate. Entrepreneurship: - correct answer Setting up a business with the aim to make a profit. Franchis...

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  • August 23, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • esb certification
  • esb certification question and answers verified to

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ESB Certification
Entrepreneur - correct answer ✔An individual with an idea to offer an
innovative product or service about which they are passionate.


Entrepreneurship: - correct answer ✔Setting up a business with the aim to
make a profit.


Franchise - correct answer ✔A business where the owner licenses their
operations, products or services, branding, and knowledge for a royalty fee.


Small Business: - correct answer ✔Owned and managed by one individual
or sometimes a small group of people with a focus on generating profits.


In order to be considered a small business a company needs fewer than
1,500 employees & $35.5 million in revenue.


What are the three ways to open a business? - correct answer ✔1. Buy an
existing business
2. Buy a Franchise
3. Start a new business


What is the difference between small businesses and entrepreneurs? - correct
answer ✔Small business owners are not always interested in taking on new
business opportunities.


Advantages of being an Entrepreneur - correct answer ✔1. Setting one's
own hours
2. Getting to work with like-minded people

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