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