ESB Review Flashcard Part 1

Front

What is Entrepreneurship?

Back

Setting up a business with the aim to make a profit.

Front

Dependable employees

Back

Strength

Front

Increased customers

Back

Opportunity

Front

Identify the SWOT analysis element: Repair shop competitors

Back

Threat

Front

Identify the SWOT analysis element: Small budget

Back

Weakness

Front

What is Mr. Ogea's role in the business?

Back

Employee

Front

A Netflix subscription is an example of what type of product? Options: digital, tangible/physical

Back

digital

Front

Minimum wage increased by 25%. The owner of a business must now pay her laborers 25% higher wages. What is the minimum amount the owner must now charge customers for labor to balance her increased operational expenses?

Back

25%

Front

True or False: You operate a small insurance office with a partner. Property lease for the office is a fixed cost.

Back

True

Front

What was the ROI (Return on Investment) for a pay-per-click campaign that spent $1,000 and brought in $1,200 in sales?

Back

20%