ESB Questions and Answers with Verified Solutions

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ESB Questions and Answers with Verified Solutions Online Networking ✔✔Each day, Donnie posts the progress of her new building to Facebook as a countdown to opening her business. What type of ne... tworking is Donnie using? Increase of service ✔✔Ophelia discovers her competitor's turnaround time is double her turnaround time. What should Ophelia's new marketing strategy be to woo back her customers? Which three things are defined when doing a self-assessment? ✔✔Risk tolerance, strengths, and weaknesses Which description best fits an entrepreneur? ✔✔Willing to take risks After a self assessment, Julie realizes she has no clue how to figure out whether her restaurant is profitable. What should Julie do? ✔✔Get some basic accounting knowledge Which is considered to be the largest risk of being an entrepreneur? ✔✔loss of money Which two characteristics best describe entrepreneurs? ✔✔Creative and adaptable Which is considered to be a great immediate benefit of being an entrepreneur? ✔✔More schedule control Courage ✔✔A willingness to take risks despite possible losses Value achievement ✔✔The desire to succeed over the desire of money Tenacious ✔✔A willingness to see things through Self-reliant ✔✔The ability to consistently believe in the entrepreneurial dream Attending a Chamber of Commerce event ✔✔Sharing information with local businesses Talking to people in a store ✔✔Face-to-face conversations Posting information to Facebook ✔✔Marketing to online communities Going to a trade show ✔✔Sharing information with others in your industry Many of Fran's customers complain about a lack of available flooring companies in the area and that of those companies, the prices are too high. what can be a good marketing strategy? ✔✔Lower prices Which are traits of a successful entrepreneur? There's three. ✔✔patient, confident, enthusiastic Which entrepreneurial trait best deals with ambiguity? ✔✔patience Todd is rejected for lack of collateral. Todd then tur [Show More]

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