Entrepreneurship and Small Business (ESB) Pre-test Questions and answers, 100% Accurate

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Entrepreneurship and Small Business (ESB) Pre-test Questions and answers, 100% Accurate Service - ?Ans/ Quiz?A head chef conducts a survey of other restaurants in the area. The chef notices tha... t most customer complaints primarily come from takeout order being delayed. The chef believes that having a short-order cook dedicated to primarily come from takeout orders being delayed. The chef believes that having a short-order cook dedicated to primarily come from takeout orders being delayed. The chef believes that having a short-order cook dedicated to preparing carryout orders will make his restaurant the fastest and most dependable place for takeout customers. By spending scare resources on hiring a short-order cook, what competitive advantage factor is the chef trying to achieve at his/her restaurant? Personal Financial Insecurity - ?Ans/ Quiz?What is considered to be primary risk for an entrepreneur who is launching a start-up company? Easier to finance a business purchase than a business start-up - ?Ans/ Quiz?What is a key benefit of buying an existing small business versus launching a start-up? Hotels - ?Ans/ Quiz?A travel agent wants to start-up a new travel company. He pays a market research company to survey 100 frequent affluent vacation travelers about luxury travel options. The market research responses: Which luxury travel service would contribute the most to the profitability of the start-up business? A) Sending discount coupons to car owner who lives within 5 miles of the shop B) Giving current customers a loyalty discount - ?Ans/ Quiz?A new auto mechanic business wants to grow revenues. What are marketing methods that promise to create new customers? Pick the two best answe [Show More]

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