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Pivot Point 103 Business Flashcards | StudBud
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Pivot Point 103 Business
Pivot Point 103 Business
40 terms
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Questions
40
Answers
1
Which of the following descriptions would be considered a key to successful client relationships?
Treating the guest like a paycheck
Teach the client how to maintain the look
Make sure guests know you are a busy person
Don’t explain what you have in mind or gain permission
2
Which terms define a specific target or benchmark of achievement that can be attained within a specific timeframe?
Goal
Schedule
Budget
Milestone
3
Which of the following terms refers to all money owed?
Assets
Financial status
Net worth
Liability
4
Insurance that covers salon equipment or the physical location itself in case of a fire or theft is known as premise or:
Malpractice
Liability
Property
Health
5
An efficient working space for each salon professional is:
50-75 sq ft
200-300 sq ft
300+ sq ft
120-150 sq ft
6
A business that functions under a parent corporation in exchange for promotion, advertising and management is a:
Corporation
Sole proprietorship
Franchise
Partnership
7
The item that offers an employer a brief summary of why you would like to be employed and your desirable qualities:
Application
Profile
Resume
Cover letter
8
Payment based on the number of clients a salon professional brings into the salon is what type of compensation?
Salary
Salary+Commission
Commission
Hourly
9
Dependability as a work principle can be described as:
Showing up on time ready to work
Getting along with coworkers
Showing your passion for your work
Rejecting criticism
10
The term given for selling products for client home care is:
Scheduling
Networking
Warehousing
Retailing
11
The act of a highly satisfied client directing another person to see you for professional services is called a(n):
Stress Reliving Ritual
Prebook
Referral
Up sell
12
When handling a client complaint you can turn a negative experience into a positive one by:
Restating what you you heard
Avoiding
Ignoring non verbal questions
Not asking additional questions
13
Insurance benefits might include all of the following types EXCEPT:
Life
Health
Accident
Car
14
U.S. Social Security and Canadian Pension taxes are planned savings/retirement funds, and the money is collected by the:
U.S/Canadian government
State
City
County
15
Which of these descriptions is NOT a guideline to be used when creating a resumé?
Prior employment
The date
3 pages of information
List awards
16
Which type of insurance protects the salon owner from financial loss due to an employee’s negligence?
Social security
Malpractice
Premise
Product
17
In many cases, the first person to greet a client as they arrive is the:
Distribution
Owner
Receptionist
Manager
18
What is considered to be the number one reason why clients move on to another salon?
Hairdresser being indifferent
Move away
Competitive reason
Dissatisfied
19
Business ownership where two or more persons share all costs of opening, operating and maintaining the business is a:
Corporation
Sole proprietorship
Franchise
Partnership
20
Industry statistics indicate that satisfied clients will usually refer how many new clients?
3
8
12
1
21
Which of the following concepts involves converting existing clients to return clients?
Client profile
Client retention
Client factor
CRM
22
Which of the following time periods identifies the consideration for a long-range goal?
3 months
1 year
6 months
5 years
23
The money in your checking and savings accounts, IRAs, stocks and bonds are all considered to be your total:
Liabilities
Assets
Debt
Fortune
24
What is meant by the term consistency?
Things are messy
Things happen haphazardly
Things happen in a uniform way
Things are chaotic
25
Networking provides all of the following benefits EXCEPT:
Lifelong friendships
Knowledge on trends
Access to people with related resources
Difficult/awkward cituations
26
Which of the following items must be reported as employee income?
Product cost
Change given
Expenses
Tips
27
According to statistics, how often does the average loyal client visit a salon?
Twice a year
Every 2 weeks
Every 3 months
Every 6 weeks
28
A set income given to an employee on a weekly or monthly basis is known as:
Stock
Booth rental
Commission
Salary
29
The emotional buyer bases his or her purchases on:
Price
Facts
Personal reasons
Being a new product
30
Which of the following statements describes what you should do if you are asked a question that seems discriminatory?
Looked shocked then laugh
Answer bluntly
Politely decline to answer
Remain silent
31
Which one of the following items is usually the largest expense in operating a salon?
Rent
Supplies
Salaries/Comission
Advertising
32
Compliance with all local, state/province and federal rules, regulations and laws is the responsibility of the:
Former building owner
Local authorities
Employees
Salon owner
33
Which buyer wants to know all of the facts about the product and thinks carefully about buying?
Stubborn
Ready
Bargain
Logical
34
Staying on top of things and paying attention to detail, hairdressers are practicing which of the following skills?
With-it-ness
Initiative
Complacency
Cooperation
35
Features of a product are its characteristics, which might include:
Re conditions
Add shine
Eco purchase
Size of container
36
Adding a hair coloring service to the client who originally scheduled a haircut appointment is an example of:
Up selling
Up charging
Full booking
Target marketing
37
Which of the following descriptions identifies the meaning of clientele?
Persons who have never visited the salon
Persons who do not prebook appointments
Persons who live out of the area
Persons who make habitual use of the services
38
During a job interview it is very important to:
Stretch the truth if necessary
Tell stories
Visibly nervous/tell the interviewer whatever you think they want to hear
Stay calm/be yourself
39
Important information about the client, combined with the financial value of a client, is referred to as the:
Factor
Information
File
Profile
40
What percentage of the total salon expenses generally represents compensation for the salon owner and employees?
25%
75%
10%
50%