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The salon Business
Salon Business
| Question | Answer |
|---|---|
| Renting a station in a salon is known as; | Booth rental and chair rentalIn a booth rental agreement. |
| In a booth rental agreement, who is typically responsible for the insurance and record keeping? | The nail technician |
| Booth rental is not legal in... | Pennsylvania |
| A ______ statement is a description of the key strategic influences of the business, such as the market it will serve and the kinds of services it will offer. | Mission |
| It is likely that a salon owner will consider constructing a larger space for the salon about _____ after its original opening. | 5-10 |
| The name you select for your business: | Explains what it is, creates a picture of your business in potential clients minds and identifies characteristics that set your business apart from competitors. |
| The location you select for your salon should; | Hve easy access, offer handicap parking, be based on the needs of your primary clientele. |
| Who has the last say in decision making in a sole-proprietorship? | Sole proprietor |
| A_____ is a business that is owned by three or more people called stockholders. | Corporation |
| The money needed to start a business is called; | Capital |
| How many people own a partnership? | Two or more |
| When forming. Corporation, you must pay ____ fees. | Annual fees,formation and filing. |
| Way are stockholders? | Part owners in a corporation |
| Who is held liable for debts in a LLC? | The business |
Created by:
MsHeather