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103E Business Basics Flashcards | StudBud
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103E Business Basics
103E Business Basics
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Lesson Challenge questions from sections 103E.4-7
Flashcards
40 cards
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Practice quiz
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Questions
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Answers
1
Procedures in the salon/spa that ensure all products are accounted for is known as:
inventory control
scheduling
advertising
budgeting
2
earning additional payment based on number of clients a salon professional brings to salon is
Insurance
Pension
Salary plus commission
Salary
3
All of the following descriptions are general guidelines for establishing prices for services and retail products EXCEPT
conduct a market survey
develop a salary structure
compare market pricing
create a profile of the clientele
4
What percentage of the total salon/spa expenses generally represents compensation for the owner and employees?
45%
10%
75%
25%
5
Which of the following concepts creates a harmonious and predictable environment?
synergy
chairside manner
personalized approach
ambiance
6
Before a spa owner can hire employees, they need to apply for a:
driver's license
Social Security card
Social Insurance Number
Federal Employer Identification Number
7
The exchange of services, products or expertise for money is known as:
analyzing
assessing
selling
recommending
8
When team members have each other's backs, it is an example of a:
clear, shared vision
competitive edge
positive, cooperative atmosphere
learning culture
9
Gowns, towels, linens and furniture fabrics are examples of a salon/spa ambiance component known as:
touchables
displays
benefits
treatments
10
Considering a clients lifestyle diet medical issues and subjective concerns means considering skin therapy from a:
Retailing approach
Identification approach
Holistic approach
Recommendation approach
11
Which buyer type wants to save money at all costs
bargain
stubborn
ready
logical
12
Net worth is calculated by subtracting liabilities from:
charge accounts
assets
loan balances
student loans
13
The salon/spa exterior, decor, music and sounds, and air and ventilation are all components of:
Shared accountability
Synergy
Personalized approach
Ambiance
14
Which of the following generations was born between 1980-2000 and is especially brand-loyal?
Gen Z
Baby Boomers
Gen X
Millennials
15
Out of the products I showed you today this is one I would recommend not leaving without is an example of:
Retail selling
Link selling
Closing the sale
Cross selling
16
Barriers to the effective use of time include all of the following factors EXCEPT:
good sleep habits
procrastination
cluttered workspace
poor planning
17
When organizing stock for a retail display, group products by brand or:
category
price
size
aroma
18
Which of the following business types is owned by the shareholders & formed under legal guidelines
Corporation
Sole proprietorship
Franchise
Partnership
19
Susan earns an additional payment based on the number of clients she sees. What type of compensation is Susan receiving?
salary plus commission
commission
salary
workers comp
20
Treating your client like an important, valued individual is known as:
cooperation
personalized approach
shared accountability
staff synergy
21
Which type of buyer wants to know all of the facts about a product.
stubborn buyer
logical buyer
ready buyer
bargain buyer
22
To be granted future loans, it is important to pay loans on time and avoid...
insurance
taxes
default
compensation
23
Which form of advertising involves sending out flyers or postcards?
Word-of-mouth advertising
Direct mail advertising
TV and radio advertising
Involvement in community events
24
Which type of insurance protects the salon/spa owner from financial loss due to employee’s negligence?
Malpractice
Unemployment
Product liability
Premise
25
Which of the following is NOT a necessary element for ensuring staff synergy?
With-it-ness
Open and clear communication
Lack of procedures
Clear,shared vision
26
Products purchased by the salon/spa owner for use during client services and for retailing are known as:
turns
commissions
inventory
overhead
27
renting or leasing a workstation from a building owner would represent which of the following
sole proprietorship
independent contractor
partnership
corporation
28
Which of the following elements could cause staff synergy to go awry?
high staf turnover
mutual respect
respectful atmosphere
effective communication
29
Which of the following statements would offer a solution to procrastination?
having a cluttered workspace
making a prioritized to-do list
getting less sleep
saying “Yes” to everyone
30
Efficient working space for each esthetician is?
50-75 sq feet
200-300 sq feet
120-150 sq feet
over 300 sq feet
31
Features of a product are its characteristics, which might include:
re-conditioning effects
economical purchase
added shine
size of container
32
All of the following guidelines are ways to demonstrate your personalized approach EXCEPT:
give guest undivided attention
remaining positive
not checking on previous treatment information
ensure client comfort
33
Which of the following is the easiest buyer motivation to recognize?
need
want
like
dislike
34
Workers' Compensation Insurance is needed to protect the:
inventory
advertisers
employee
salon
35
An agreement on how things are to be done in the salon/spa so things happen in a uniform way is called:
prebooking
accountability
consistency
treatment
36
Which of the following terms refers to all money owed?
financial status
liabilities
assets
net worth
37
The following descriptions are all benefits of a product EXCEPT:
economical purchase
perfect for traveling
renewing effect
size of container
38
Which of the following phrases describes ambiance component of comforts
Slow, peaceful music
offering up-to-date magazines
Soft, relaxing lighting
using aromatherapy
39
client’s/esthetician's name, scheduled service, time/date of appointment, &client’s phone# should all B included in
federal income tax form
appointment book
I-9 form
state income tax form
40
Type of ownership in which two or more persons share all costs of opening & operating business
partnership
sole proprietorship
franchise
corporation