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ESB Cert Practice 1 Flashcards | StudBud
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ESB Cert Practice 1
ESB Cert Practice 1
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Flashcards
10 cards
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Questions
10
Answers
1
Which are two OFFLINE marketing platforms?
Flyers & TV ads
Email & Google ads
Social Media & Google ads
Flyers & Social Media
2
What 2 types of pay would work for a lawn care business where employees sometimes work long hrs and sometimes short hrs
equity & commission
hourly & salary
salary & commission
piece work & salary
3
Which of these is a characteristic of a successful entrepreneur mindset?
Makes friends quickly
Likes to argue
Lives in a dreamworld
Doesn't give up easily
4
What is a Target Market?
Advertising based on bullet points
Sales to customers who use archery products
Marketing with a bullseye goal
Customers to whom a company wants to sell its products & services
5
In general, which two characteristics define a "small" business?
Less than $35.5 million revenue & fewer than 1,500 employees
Non-profit & between 500 & 2,500 employees
6
What is Entrepreneurship?
Setting up a business to make a profit
Acquiring leadership & managerial skills
Quickly advancing in positions within a corporation
Marketing & selling products
7
Which is one of the greatest RISKS of being an entrepreneur?
Damage to reputation
Loss of experience
No control over schedule
Financial instability
8
What is a primary
benefit
of starting a new company without purchasing a franchise or buying an existing business?
Lower financial risk
Developing your own rules
Less record keeping
Applying your own experience
9
Which is one of the greatest BENEFITS of being an entrepreneur?
Quick Return on Investment (ROI)
Paying less taxes
Schedule control
Meeting new people
10
Successful entrepreneurs have mindsets that typically possess which 3 characteristics?
responsible, tenacious, & adaptable
argumentative, nervous, & rude
