Entrepreneurship and Small Business (ESB) Pre-test Questions With 100% correct Solutions.
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Course
ESB
Institution
ESB
Entrepreneurship and Small Business (ESB) Pre-test
Questions With 100% correct Solutions.
Service - 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 sho...
Entrepreneurship and Small Business (ESB) Pre-test
Questions With 100% correct Solutions.
Service - ✔✔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 - ✔✔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 - ✔✔What is a key benefit of buying an
existing small business versus launching a start-up?
Hotels - ✔✔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 - ✔✔A new auto mechanic business wants to grow
revenues. What are marketing methods that promise to create new customers?
Pick the two best answer.
Providing 24 hour member access - ✔✔A fitness trainer is presenting a business plan for a new studio
to investors. The trainer envisions a studio with equipment and features that will meet the needs of
customers with a variety of personal and work schedules.
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