ESB certification vocabulary Questions And Answers Graded A+
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Course
ESB
Institution
ESB
Break Even Formula - 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 ...
ESB certification vocabulary Questions
And Answers Graded A+
Break Even Formula - 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 - the largest automotive marketing resource and car dealer social
network, providing industry best practices and more
Inventory Loan - The loan is collateralized by the inventory it is used to purchase.
Operating Loan - (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 - tending to keep a firm hold of something; clinging or adhering closely
Competency - a set of particular abilities and knowledge that sets a company apart from
its competitors.
Non-Profit Organization - 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 - Store exterior which reflects on the image of the business
Tax Liability - 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 - the collection and analysis of broad characteristics about groups of
people and populations.
Behavioral - divides consumers according to behavior patterns as they interact with a
company
Psychographic - the qualitative methodology of studying consumers based on
psychological characteristics and traits such as values, desires, goals, interests, and
lifestyle choices.
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