ESB Certification Exam 2024/2025, Exams of Nursing

Download ESB Certification Exam 2024/2025 and more Exams Nursing in PDF only on Docsity! ESB CERTIFICATION EXAM  2024/2025 One can expect their sales volume to be ______ when they are in product/market fit. [Elements of the Product/Market Fit Hypothesis] - ANSWER ✔✔high Product/market fit is making a product or ________ that many people want. [Elements of the Product/Market Fit Hypothesis] - ANSWER ✔✔service A business must provide customers with quality products to maintain customer __________. [Performance and Quality Criteria] - ANSWER ✔✔satisfaction A Minimum Viable Product (MVP) is a _________ used to test ease-of-use and functionality to help determine the user's experience and ultimately improve the user's experience with the product. [Performance and Quality Criteria] - ANSWER ✔✔prototype In which stage should one develop a value hypothesis? - ANSWER ✔✔Launch In which stage do sales gain momentum? - ANSWER ✔✔Traction In which stage is a Minimum Viable Product (MVP) created? - ANSWER ✔✔Prototype In what stage does one find their product/market fit? - ANSWER ✔✔Growth In which stage does one start to earn revenue? - ANSWER ✔✔Monetization In which stage does one develop a concept for a product or service? - ANSWER ✔✔Idea Which two aspects of a product do Minimum Viable Products (MVPs)test? - ANSWER ✔✔a. Ease-of-use b. Functionality Label the items as either a product or a service. Use P for product and S for service. - ANSWER ✔✔a. P Muffins b. S AC repairs c. P Toilet paper d. P Jewelry e. S Web designs f. P Couch g. S Guitar lessons No ownership, no US federal taxes - ANSWER ✔✔Non-profit Best for international business even with being double-taxed - ANSWER ✔✔C corporation Easy to create but comes with unlimited liability - ANSWER ✔✔Sole proprietorship Lower tax rate that prevents the company from being double-taxed - ANSWER ✔✔S corporation Ideal for a single owner seeking low risk - ANSWER ✔✔LLC Shared financial backing - ANSWER ✔✔Partnership Creates the company - ANSWER ✔✔Founder