Entrepreneurship and Small Business (ESB) Pre-test fully solved 2023
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Course
ESB
Institution
ESB
Entrepreneurship and Small Business (ESB) Pre-test fully solved 2023Service - correct answer A head chef conducts a survey of other restaurants in the area. The chef notices that most customer complaints primarily come from takeout order being delayed. The chef believes that having a short-order co...
entrepreneurship and small business esb pre test fully solved 2023
service a head chef conducts a survey of other restaurants in the area the chef notices that most customer complaints primarily co
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Entrepreneurship and Small Business
(ESB) Pre-test fully solved 2023
Service - correct answer A head chef conducts a survey of other restaurants in the area. The chef notices
that most customer complaints primarily come from takeout order being delayed. The chef believes that
having a short-order cook dedicated to primarily come from takeout orders being delayed. The chef
believes that having a short-order cook dedicated to primarily come from takeout orders being delayed.
The chef believes that having a short-order cook dedicated to preparing carryout orders will make his
restaurant the fastest and most dependable place for takeout customers.
By spending scare resources on hiring a short-order cook, what competitive advantage factor is the chef
trying to achieve at his/her restaurant?
Personal Financial Insecurity - correct answer What is considered to be primary risk for an entrepreneur
who is launching a start-up company?
Easier to finance a business purchase than a business start-up - correct answer What is a key benefit of
buying an existing small business versus launching a start-up?
Hotels - correct answer A travel agent wants to start-up a new travel company. He pays a market
research company to survey 100 frequent affluent vacation travelers about luxury travel options. The
market research responses:
Which luxury travel service would contribute the most to the profitability of the start-up business?
A) Sending discount coupons to car owner who lives within 5 miles of the shop
B) Giving current customers a loyalty discount - correct answer A new auto mechanic business wants to
grow revenues. What are marketing methods that promise to create new customers?
Pick the two best answer.
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