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ESB Study Review Question and answers rated A+ 2024

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ESB Study Review Question and answers rated A+ 2024 What to research for competitive information (What to research about your competition. - correct answer pricing and marketing She has a fix cost of 3,000 and the average cost of the item is 2.25 and she sells it for 4.25. What is her break-...

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  • August 23, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
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ESB Study Review
What to research for competitive information (What to research about your
competition. - correct answer ✔pricing and marketing


She has a fix cost of 3,000 and the average cost of the item is 2.25 and she
sells it for 4.25.
What is her break-even cost? - correct answer ✔1,500
( 3000/(4.25-2.25)2=1,500)
Break even= fix cost/profit)


What is angel investor, crowdfunding, bootstrapping, and incubators? - correct
answer ✔Angel investors- invest for equity


Crowd funding- An online method of fundraising(social media)


Bootstrapping- When the start-up cost comes mainly from the owners
personal savings


Incubators- Various programs that provide support to start-ups(coaching,
money, ect.)


A LLC must pay taxes T/F - correct answer ✔True


What are 3 services that incubators offer to start-up companies? - correct
answer ✔Money
Training
Coaching

, Workspace


What expenses are considered a startup? - correct answer ✔License
Permits


Click-through rate type of business key performance indicators is? - correct
answer ✔Marketing Metrics


What would lead to updated safety procedures - correct answer ✔Increased
injuries/deaths


Taking on business debt is a requirement for entrepreneurship
True or False - correct answer ✔False


What type of agreement do you need for a company to sell your logo? -
correct answer ✔Licensing agreement


One objective of entrepreneurship is to make a profit.
true or false - correct answer ✔True


What sale metrics type can a company use to analyze its performance? -
correct answer ✔Market Penetration
Year-Over-Year Growth
Net Promoter Score (NPS)


definition: what is cto, ceo, coo, cmo, cfo? - correct answer ✔The chief
technology officer (CTO)
The chief executive officer (CEO)

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