ESB Certification Q&A Exam Bundle

Quality _______ is measured by how well the product or service successfully serves its users' purpose. E-commerce sales and door-to-door sales What are two examples of direct distribution channels? Middlemen Indirect distribution channels use _______ to sell their products to the end customer...

A law was passed increasing the minimum wage by 30%. The owner of a small landscaping business must now pay all of her laborers 30% higher wages. What is the minimum amount the owner must now charge customers for labor to balance her increased operational expenses? Note: Disregard associated incre...

One can expect their sales volume to be high when they are in ____ fitproduct/market Product/market fit is making a ____ that many people wantproduct or service A business must provide customers with quality products to maintain customer ____satisfaction A Minimum Viable Product (MVP) is a ...

Which two criteria are required for obtaining venture capital funding? 1. Multiple business partners 2. A scalable business model 3.A profitable exit strategy 4. Brand new technology A scalable business model and A profitable exit strategy The design thinking process is highly focused on usi...

The key objective of a small business owner is to generate ____ profits Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their businesses rapidly risks Tangible items that require pick-up or delivery are ____ products physical When a ____ purchases an item fro...

Elements of the Design Thinking Process Stage 1: Emphasize- Research Your Users' Needs Stage 2: Define- State Your Users' Needs and Problems Stage 3: Ideate- Challenge Assumptions and Create Ideas Stage 4: Prototype- Start to Create Solutions Stage 5: Test- Try Your Solutions Out Difference...