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ESB V.2 DOMAIN 1 ENTREPRENEURSHIP & SMALL BUSINESS CONCEPTS EXAM 2025 QUESTIONS AND ANSWERS B2B - ....ANSWER ...-A business-to-business (B2B) commercial transaction between businesses B2C - ....ANSWER ...-A business-to-consumer (B2C) transaction Brand recognition - ....ANSWER ...-The level of familiarity one has with a brand Business Opportunity - ....ANSWER ...-A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible Business Plan - ....ANSWER ...-A document that addresses the concept, customers, and capital for a business C Corporation - ....ANSWER ...-A C corporation is a legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity. C corporations are also subject to corporate income taxation. The taxing of profits from the business is at both corporate and personal levels, creating a double taxation situation. ....FOR STUDY PURPOSES...©️2025 ALL RIGHTS RESERVED... 1