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ESB EXAM 1 STUDY GUIDE Question and answers rated A+ 2024
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ESB EXAM 1 STUDY GUIDE Question and answers rated A+ 2024 Products that are bulky, large in size, and technically complicated are usually sold through multiple handlers before reaching the end customer - correct answer False The owner of a landscaping business has noticed that none of his comp...

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  • August 23, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • esb exam 1 study guide
  • esb exam 1 study guide question and answers

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ESB EXAM 1 STUDY GUIDE
Products that are bulky, large in size, and technically complicated are usually
sold through multiple handlers before reaching the end customer - correct
answer ✔False


The owner of a landscaping business has noticed that none of his competitors
are including ponds or other water features in the gardens they create. The
landscaper wants to determine the viability of his business opportunity.
What should this entrepreneur do FIRST before offering to design and build
water features as part of his landscaping business? - correct answer ✔Ask
the customers in the area if they're interested in adding a water feature to their
gardens


Which are two characteristics of direct distribution that differ from fulfillment
centers? - correct answer ✔1.)Direct Distribution is also known as a zero
level channel
2.)The manufacturer controls all aspects of the distribution


A nail salon pays $2500 in rent per month and each nail technicians get paid
$20 per client visit. Supplies cost $500 per month. At 150 client visits per
month, how much does the salon have to mark up each visit, percentage-
wise, for to break even at the end of the month? - correct answer ✔100%


What would a wholesale flooring distributer be classified as? (B2B or B2C) -
correct answer ✔B2B


What would purchases requiring a tax exemption certificate be classified as?
(B2B or B2C) - correct answer ✔B2B

, What would a chain of local grocery stores is be classified as? (B2B or B2C) -
correct answer ✔B2C


What would a motorcycle repair shop be classified as? (B2B or B2C) - correct
answer ✔B2C


(T or F?):Business Plans are text-based documents - correct answer ✔True


(T or F?):The goals of a Pitch Deck is to get investors' attention - correct
answer ✔True


(T or F?):The goals of a Business Plan is to get investors' to buy-in - correct
answer ✔True


(T or F?):A Pitch Deck is a visual slide presentation - correct answer ✔True


(T or F?):A typical Pitch deck has between 20-100 slides - correct answer
✔False


(T or F?):Business Plans are highly visual - correct answer ✔False


What is Entrpreneurship? - correct answer ✔Setting up a business with the
aim to make profit


Is an increase in weddings from the release of COVID restrictions a strength,
weakness, opportunity, or threat? - correct answer ✔Opportunity

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