Study guides, Class notes & Summaries

Training Business Notes. (ESB TEST B) 2024 Last document update:   ago

Mike owns a doggy day care. The business is economically healthy and wants to grow the business money wise. What business life cycle stage is he in. - Take off. What is the difference between small businesses and entrepreneurship? - Small business owner aren't always interested in taking on new business opportunities. What is the greatest risk to being an entrepreneur? - Financial instability. Trademark - Protects brand names and logos used on goods and services. Copyright - Protect...

ESB EXAM Study Guide 2024 Top Rated Questions and Answers Graded A Last document update:   ago

Flexibility - Ability to adapt, willingness to change Courage - Takes risks in spite of possible losses Empathy - Sensitive to thoughts and feelings of others What are three characteristics of entrepreneurs? - Creativity, Determination, Enthusiasm After a self-assessment, a potential entrepreneur has learned that she has a very low risk tolerance. Based upon this finding, which approach might be less stressful for the entrepreneur to have her own business? - Buy an existing business ...

ESB v.2 Domain 1 Entrepreneurship & Small Business Concepts Last document update:   ago

ESB v.2 Domain 1 Entrepreneurship & Small Business Concepts B2B A business-to-business (B2B) commercial transaction between businesses B2C A business-to-consumer (B2C) transaction Brand recognition The level of familiarity one has with a brand Business Opportunity A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible Business Plan A document that addresses the concept, customers, and capital for a business C Corporation ...