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