FOUNDATIONS Ch 10 The Beauty Business

Client service records should include ___.

In agreement to buy an established salon does not typically include which of the following?

A(n)__plan outlines all of the research obtained regarding the clients you will target and their needs, wants,& habits.

Supplies used in the daily business operation are considered____.

When opening a new business location selected should reflect your ___.

Malpractice, property liability, and fire refer to types of ____.

Characteristics of a partnership arrangement include all of the following except ____.

To maintain accurate records that are processed in a timely manner, consider retaining the services of a(n) ____.

During which part of your business timeline should you focus on adding more locations?

Smooth business management depends on all of the following factors except ___.

A(n) ___Is an essential set of benchmarks that, once achieved, helps you realize your mission and your vision.

Overstocking and supply shortages can be prevented by maintaining____.

A good telephone personality includes all of the following characteristics except ____.

The three types of salon ownership are individual ownership, partnership, and____.

When planning and constructing the best physical layout for a salon the primary concern should be_____.

Which part of a business plan outlines employees and management levels and describes how the business will be run?

Malpractice insurance is purchased by the____.

Responding to customer complaints must not be handled with ____.

Booth renters are solely responsible for ___.

The first and last person who has contact with a client visiting the salon is typically the ___.

If your salon is in a building that you own, it is not necessary to purchase which of the following types of insurance?

A stockholder of a corporation is required to pay unemployment insurance taxes on his/her___.

When opening a new salon, your business plan should include projected income and expenses for up to ___ years.

All of the following are benefits of keeping purchase and inventory records except ___.

Encouraging a client who is booked for a haircut to also get a manicure or facial is an example of ___.

A business in which a Firm that is successful enters into a continuing contractual relationship w/their businesses is_?

Personal communication about a service/product between clients and their friends, relatives, &associates is called ___.

Which business structure saves you money in taxes, provides greater business flexibility,& makes raising capital easier?

Which section of the business plan describes the administrative structure of the business?

Which promotion method is an example of social media?

Examples of business expenses include ___.

On average salon owners in the United States spend___% of the salons total gross income on supplies.

When planning to open a salon, one of the most important considerations is___.

Another name for an individual owner who determines policies and has the last say in decision making is a____.

A business location should have all of the following except ___.

A(n)___ should specify clearly who owns what and who is responsible for which repairs and expenses.

Which part of the business plan includes the owners résumé, personal financial information, and legal contracts, etc?

Which part of a business plan includes projected financial statements, actual statements & financial statement analyses?

For a cosmetologist who has a large steady clientele ___may be a desirable situation.

Supplies purchased by a salon that are to be sold to clients are____.

Which part of the business plan is the description of the key strategic influences of the business?

When gathering accurate financial information for purchasing an existing salon, it is helpful to consult with a(n)___.

The important job of booking appointments and greeting clients is generally the responsibility of the ____.

As a general rule, an advertising budget should not exceed___% of your gross income.

Good business operations require a simple and efficient____.

It is not required by state and federal governments to keep accurate records of an employee’s ___.

When choosing a location for your business, you should select one that___.

Someone who is trained to do everything from recording sales and payroll to generating a profit and loss statement is__?

When interviewing potential employees, you should consider their talent, personal grooming, communication skills, & _.

A salon that is owned and operated by an individual is referred to as a(n) ____.

In order to have a successful business, a top priority in the allotment of funds is to ____.

Newspaper or radio ads and charitable events can best be described as forms of ____.

Smooth business management depends on sufficient investment capital as well as___.

What is the largest expense in operating a Salon?

Which part of the business plan outlines all of the research obtained regarding the clients your business will target?

Years _ of business ownership, you want to go from being a working professional to manager and planning your retirement.

If you do not own the building in which your salon is housed, you have an agreement between you & the owner called a___.

A(n) ___ plan is a written description of the proposed business.

The first goal of every business should be ___.

Cost to create even a small salon in an existing space can range from___per square foot.

One reason for entering into a partnership agreement is to have___.

Encouraging a client who is booked for a facial to purchase take-home maintenance products is an example of ___.

Information about the ingredients and cosmetic preparation and other products are included in an___.

What type of ownership include stockholders who share the profits?

What is the ultimate determining factor with regard to the size of your salon staff?

What is one of the best ways for a business owner to protect personal assets?

Which part of the business plan ensures that all clients and employees are treated fairly and consistently?

What federal agency requires that the ingredients of cosmetic preparation be available to employees?

The best form of advertising is through __.

In the allotment of funds, paying the employees should always ___.

Successful salon owners will share success w/ their employees by making payroll obligations a top priority & offering _.

Which part of the business plan summarizes your plan and states your objectives?

Characteristics of individual ownership include all of the following except____.

An important part of the salon business is handled by the ___.

What is the minimum number of stockholders allowed for a corporation to exist?

When booking an appointment over the phone & a specific professional is not available at that time, its appropriate to_.

The responsibilities of a receptionist include all of the following except ___.

Insurance policies help protect salon owners against____.

Prior to opening of business, contact a local authorities regarding____.

An important first step in seeking financing to open a salon is developing a____.

A _is a picture of the long-term goals for the business, what it is to become, &what it'll look like when it gets there.

Booth rental is illegal in ___.

During which period of your business timeline should you focus on tending to the business and it’s clienteles growth?

An individual who determines policies, has the last say in decision making, assumes expenses, and receives profits is_.

Any agreement to buy an established salon, spa, or barbershop should include all of the following items except ___.