Chapter 3 Review

This is a cash reserve you can use to meet operating expenses in case business is slow

What does an accountant do?

This tax is paid on the profits of a business:

Projection is:

Variable rent is:

What is the role of a distributor sales consultant?

How much working space does an aesthetician need, in general?

Ensures products are accounted for between the time they're brought in to the time they're sold

This is all activities that attract attention and create positive impressions of the business

Costs incurred in running the skin care center are called:

This insurance provides coverage for skin care equipment in the center:

This document is used to help make decisions in a company.

How important is location when opening a skin care business?

Sole proprietorship means:

This involves shaping public images in ways other than advertising:

Direct mail is the most ____ form of advertising for local business

This type of compensation is a set amount of money with additional income when a goal is met:

Stock in quantity is the same as:

A business plan includes the following:

What is income?

What is the purpose of a marketing strategy?

This is a guaranteed amount of money each hour/week/month:

"Middleman" who acts as a link between product manufacturer and skin care business is:

The first step in gauging market need is:

Houses, jewelry, and art are all considered: