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ESB certification vocabulary Question and answers rated A+ 2024
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ESB certification vocabulary Question and answers rated A+ 2024 Break Even Formula - correct answer To calculate the break-even point in units use the formula: Break-Even point (units) = Fixed Costs ÷ (Sales price per unit - Variable costs per unit) or in sales dollars using the formula: Break-E...

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  • August 23, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • esb certification vocabulary
  • esb certification vocabulary question and answers

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ESB certification vocabulary
Break Even Formula - correct answer ✔To calculate the break-even point in
units use the formula: Break-Even point (units) = Fixed Costs ÷ (Sales price
per unit - Variable costs per unit) or in sales dollars using the formula: Break-
Even point (sales dollars) = Fixed Costs ÷ Contribution Margin.


Driving Sales - correct answer ✔the largest automotive marketing resource
and car dealer social network, providing industry best practices and more


Inventory Loan - correct answer ✔The loan is collateralized by the inventory
it is used to purchase.


Operating Loan - correct answer ✔(also called a line of credit) is a short-
term, flexible loan that a business can use as needed to borrow up to a pre-
set amount of money.To ensure it will be repaid, the bank will often include a
claim on the company's inventory and accounts receivable as part of the loan
agreement.


Tenacious - correct answer ✔tending to keep a firm hold of something;
clinging or adhering closely


Competency - correct answer ✔a set of particular abilities and knowledge
that sets a company apart from its competitors.


Non-Profit Organization - correct answer ✔organization is a group organized
for purposes other than generating profit and in which no part of the
organization's income is distributed to its members, directors, or officers.

, Storefront - correct answer ✔Store exterior which reflects on the image of
the business


Tax Liability - correct answer ✔the total amount of tax debt owed by an
individual, corporation, or other entity to a taxing authority like the Internal
Revenue Service (IRS).


Demographic - correct answer ✔the collection and analysis of broad
characteristics about groups of people and populations.


Behavioral - correct answer ✔divides consumers according to behavior
patterns as they interact with a company


Psychographic - correct answer ✔the qualitative methodology of studying
consumers based on psychological characteristics and traits such as values,
desires, goals, interests, and lifestyle choices.


Geographic - correct answer ✔when a business divides its market on the
basis of geography.


Angel Investors - correct answer ✔Private Investors who fund start up
businesses


IPO - correct answer ✔initial public offering.


ESPO - correct answer ✔Eastern Shires Purchasing Organisation


Management Buyout - correct answer ✔a leveraged buyout in which the
firm's top managers become significant shareholders in the acquired firm.

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