Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
ch. 32
the salon business
| Question | Answer |
|---|---|
| when planning to open a salon, one of the most important considerations is | location |
| an important first step in seeking financing to open a salon is developing a | business plan |
| when opening a new salon, your business plan should include projected income and expenses for up to -------years | five |
| prior to opening a business, contact local authorities regarding | business licenses |
| insurance policies help protect salon owners against | malpractice lawsuits |
| malpractice insurance is purchased by the | salon owner |
| the three types of salon ownership are individual ownership, partnership, and | corporation |
| what type of ownership includes stockholders who share the profits | corporation |
| to ensure clients and associates will be treated more fairly and consistently, a salon should have -------in place | salon policies |
| if you do not own the building in which your salon is housed, you must have an agreement between yourself and the owner called a | lease |
| overstocking and supply shortages can be prevented by maintaining | purchase records |
| supplies used in daily business operations are known as | consumption supplies |
| supplies that are to be sold to the clients are known as | retail supplies |
| what is the largest expense in operating a salon | salaries |
| on average, salon owners in the United States spend------- percent of the salon's total gross income on supplies | five |
| As a general rule, an advertising budget should not exceed------ percent of your gross income | three |
| a primary concern in salon layout design should be | maximum efficiency |
| what is the ultimate determining factor with regard to the size of your salon staff | the size of the salon |
| when interviewing potential employees, you should consider their level of skill, personal grooming , their communication skills, and | attitude |
| in the allotment of funds, paying the employees should always | be the top priority |
| successful salon owners will share their success with their employees by making payroll obligations a top priority and offering | incentives |
| an important part of the salon business is handled by the | telephone |
| when booking appointments, the requested services should be scheduled based on | clients' preferences |
| what type of activity is aimed at promoting the salon in a favorable light | advertising |
| the best form of advertising is through | satisfied clients |
| when gathering accurate financial information for purchasing an existing salon, it is often helpful to consult with a | certified public accountant |
| another name for an individual owner who determines policies and has the last say in decision making is a | sole proprietor |
| supplies used in the daily business operation are considered | consumption supplies |
| supplies purchased by a salon that are to be sold to clients are | retail supplies |
| when planning and constructing the best physical layout for a salon, the primary concern should be | maximum efficiency |
| it should always be your top priority to meet which of the following financial obligations | payroll |
| which of these is considered the very best form of advertising for a salon | satisfied clients |
| a------ is an essential set of benchmarks, that once achieved, helps you realize your mission and your vision | goal |
| when choosing a location for your business, you should select one that | offers easy access |
| what is the minimum number of stockholders allowed for a corporation to exist | one |
| if you operate your salon in a building that you own, it is not necessary to purchase which of the following types of insurance | renters insurance |
| which of these terms refers to your staff or employees | personnel |
| human resources does not cover which of the following concerns | what you should do when you need to increase sales |
| booking appointments is primarily whose job | the receptionist |
| the first goal of every business should be to | maintain current clients |
| which part of a business plan outlines employees and management levels and describes how the business will be run administratively | organizational plan |
| which part of a business plan summarizes your plan and states your objectives | executive summary |
| which part of a business plan includes projected financial statements, and financial statement analyses | financial documents |
| which part of a business plan ensures that all clients and employees are treated fairly and consistently | salon policies |
| which part of a business plan is a long-term picture of what the business is to become and what it will look like when it gets there | vision statement |
| which part of a business plan outlines all of the research obtained regarding the clients your business will target and their needs, wants, and habits | marketing plan |
| which part of a business plan includes the owner's resume, personal financial information, legal contracts, and any other agreements | supporting documents |
| which part of a business plan is a description of the key strategic influences of the business | mission statement |
| an agreement to buy an established salon does not typically include which of the following | an analysis of future maintenance costs |
| costs to create even a small salon in an existing space can range from | $75 to $125 |
| a form of business in which a firm that is already successful enters into a continuing contractual relationship with other businesses is | a franchise |
| smooth business management depends on sufficient investment capital as well as | excellent customer service delivery |
| someone who is trained to do everything from recording sales and payroll to generating a profit-and-loss statement is | a full-charge bookkeeper |
| for a cosmetologist who has a large, steady clientele and who does not have to rely on the salon's general clientele to keep busy, ------- may be a desirable situation | booth rental |
| with each call, a gracious, appropriate response will help build | the salon's reputation |
Created by:
cmcclure000