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The Salon Business Flashcards | StudBud
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The Salon Business
The Salon Business
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Milady Chapter 32
Flashcards
24 cards
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Practice quiz
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Questions
24
Answers
1
Information about the ingredients in cosmetic preparations and other products are included in a(n) _____.
DOL
SDS
OSHA
FDA
2
At what time in your business should you focus on tending to your clientele and it employees to grow and expand.
From years 20 onward
From years five to ten
From years to
From years two to five
3
Which promotion method is an example of social media?
Photo sharing sites such as Instagram
Distributing flyers at events such as bridal shows
Advertising supplements in local papers
Bulletin boards at community centers
4
A salon that is owned and operated by an individual is referred to as a(n) _____.
Booth rental
Chain Salon
Individual ownership
Partnership
5
When opening a new business, the location selected should reflect your _______.
Primary Clientele
Personal Prefrences
Commute time
Future goals
6
What is one of the best ways for a business owner to protect personal assets?
Sharing responsibilities
Investigating capital
Incorporating
Selling shears
7
Supplies that are used and replaced in the daily business operation are identified as...?
Expenses
Inventory records
Consumption supplies
Perpetual Inventory
8
The individual who determines policies, has the last say in decision making, assumes expenses, receives profits ect.
Sole Proprietorship
Conglomerate
Corporation
Partnership
9
A stockholder of a corporation is required to pay unemployment insurance taxes on his/her ____.
Profits
Investments
Merchandise
Salary
10
What federal agency requires that the ingredients of cosmetic preparations for the next five years?
OSHA
FDA
FBI
MSDS
11
During which period of your business might you move from being a working Cosmo into a full time manager of the business?
From years five to ten
From years 20 onward
From years 11 to 20
From years two to five
12
Good business operations require a simple and efficient ____.
Social network
Reception area
Price list
Record system
13
Newspaper or radio ads and charitable events can be described as forms of ____.
Upselling
Advertising
Educating
Branding
14
What should be the primary concern when planning and constructing the physical layout of a salon?
Color Schemes
Expected depreciation
Maximum efficiency
Aesthetic appeal
15
When should you focus on adding more locations, expanding the scope of the business or constructing a larger space?
From years five to ten
From years two to five
From years 11 to 20
From years 20 onward
16
What is a written plan that describes a business and foresees projections for the next five years?
Employee report
Future goals
Personal Budget
Business plan
17
Which section of the business plan provides a description of the key strategic influences on the business?
Goals and objectives
Vision statment
Organizational plan
Mission Statment
18
What business structure saves u money in taxes, provides greater business flexibility, and makes raising capital easier
Sole proprietorship
Stockholder
Corporate proprietor
Partner
19
What is a written agreement with a building owner that outlines the responsibilities for repairs and expenses?
Lease
Business plan
Non-compete agreement
Business sale
20
One reason for entering into a partnership agreement is to have _____.
Consolidated debt
Many Stockholders
More clients
Capital for investments
21
Which section of a business plan includes a long-term picture of what the business is to become and what it'll look like
Goals and objectives
Mission Statment
Organizational plan
Vision Statement
22
The first and last person who has contact with a client visiting the salon is typically the _____.
Stylist
Receptionist
Cleaner
Manager
23
In order to have a succseful business, a top priority in the allotment of funds is to ____/
Interview potential employees
Keep accurate inventory
develop an image
Meet payroll obligations
24
The important job of booking appointments and greeting clients is generally the responsibility of the ______.
Receptionist
Manager
Pracitioner
Trainer