ESB Certification Study guides, Class notes & Summaries

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One can expect their sales volume to be ______ when they are in product/market fit. [Elements of the Product/Market Fit Hypothesis] - high Product/market fit is making a product or ________ that many people want. [Elements of the Product/Market Fit Hypothesis] - service A business must provide customers with quality products to maintain customer __________. [Performance and Quality Criteria] - satisfaction A Minimum Viable Product (MVP) is a _________ used to test ease-of-use and functi...

Entrepreneurship - Setting up business with the aim to make profit. B2B (business-to-business) - Sells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. B2C (business-to-consumer) - Sells products and services directly to customer for personal use. Small buisness - A small business is when a business has less than 35.5 million dollars in revenue, and fewer than 1,500 employees. S corporation(Small businesses) - is ...

James owns a restaurant with beginning cash balance of $5,000, $30,000 in sales, $2,000 in utilities, $6,000 in loans and $4,000 in marketing. What is James ending cash balance? - $24,800 Shelly owns a car dealership. She just received a shipment of teslas and paid $70,000 for each one and wants to make 25%. What should her selling price be? - $87,500 TRUE OR FALSE: Mortgage Payments are Long Term Liabilities - True Equipment is considered ... - a long term asset ROI is calculated by...

Domain 1 Lesson 1 - 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 from a business, it is a business-to-consumer transaction - customer ____ are for-profit corporations with limited liability - S corporations ____ are ideal for intern...

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