ESB Domain 1 Lesson 1

A business that takes its name and characteristics from an existing business chain

• Small Business

• Entrepreneurship

• Franchise

• None of these

An individual with an interest in a business

• Founder

• CFO

• COO

• Stakeholder

A preliminary product, commonly a product with minimum viability, from which to test

• Minimum Viable Products

• Prototype

• Service

• Test

an intangible service or skill that is performed

• Product

• Prototype

• Service

• Physical Item

Non-cash compensations offered to employees in place of or in addition to a lower salary

• Equity

• Hourly

• Commission

• Salary

payment for services rendered based on the number of hours worked

• Equity

• Hourly

• Commission

• Salary

A fixed amount of money paid to an employee for each pay period.

• Equity

• Hourly

• Commission

• Salary

A fee paid to an employee for completing a task

• Equity

• Hourly

• Commission

• Salary

A tangible item

• Service

• Product

A commercial transaction between businesses

• B2C

• B2B