ESB v2 D1 Worksheets 1 & 2

How many questions are on the exam?

What is the difference between a Service and a Product?

Which Stage is the marketing, selling and tweaking stage for a business?

How many hours is a regular work week?

WHY should a business use a BMC?

Which is an example of a franchise?

In which step do you create the solution to make sure your idea is a good one?

Which are Stakeholders?

Which type of worker receives a fixed amount of pay regardless of how many hours they work?

Which business tool contains up to 100 pages, is mostly text, and is used to get buy-in from investors?

What are some Drawbacks?

In which step do you “Learn the people who have the problem”?

All stakeholders are shareholders, but not all shareholders are stakeholders

How does a Franchise work?

What is the difference between B2B and B2C?

How is a “startup” different?

In which Stage is the business consistently generating revenue and adding new customers?

Which are among the FIVE Business Life Cycle Stages?

Why would you use a “Pitch Deck”?

Which type of worker is paid by the number of units produced?

Which Stage is the beginning of the business lifecycle?

What are you entitled to if you work more as an hourly employee?

Which roles in a company have Equity?

What are the FOUR domains on the exam?

In which Stage should you think of an exit strategy?

According to Slide 10, what is the definition of a “small business”?

What are some Benefits of being an Entrepreneur?

How are they the same?

Which type of worker is paid at least minimum wage for the number of hours they work per week?

Which type of worker receives compensation upon completion of a task (%)?

Which are among the FIVE steps of the Design Thinking Process?

In which Stage does the Business expand and spread into new markets?

What is the difference between Digital and Physical products?

HOW is the Business Model Canvas (BMC) DIFFERENT from a Business Plan?