ESB Study Guide

Flashcard
•
Business
•
12th Grade
•
Hard
Wayground Content
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22 questions
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1.
FLASHCARD QUESTION
Front
What is Entrepreneurship?
Back
Setting up a business with the aim to make a profit.
2.
FLASHCARD QUESTION
Front
What legal structure should you set up for your small business if you want benefits of large corporations, avoid double taxation, have four partners as shareholders, and seek protection from business liabilities?
Back
S-Corporation
3.
FLASHCARD QUESTION
Front
Which is one of the greatest benefit of being an entrepreneur?
Back
Schedule control
4.
FLASHCARD QUESTION
Front
What should the owner of a landscaping business do FIRST before offering to design and build water features as part of his landscaping business?
Back
Ask the customers in the area if they are interested in adding a water feature to their gardens.
5.
FLASHCARD QUESTION
Front
What is a Target Market?
Back
Customers to whom a company wants to sell its products and services.
6.
FLASHCARD QUESTION
Front
What was the customer acquisition cost for a hair salon that acquired 100 new customers last year with marketing costs of $1,000, sales costs of $10,000, and salaries of $96,000?
Back
$110
7.
FLASHCARD QUESTION
Front
Which Sales Channel has been opened to manufacturers because of digital tools?
Back
Direct-to-Consumer
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