Business Of PMU Flashcards
Permanent makeup is…
-Art
-Business
-Science
-All of the Above
All of the Above
True or False:
There are CLEAR and UNIFORM regulations governing the practice of PMU across the entire U.S.
False
What best demonstrates that a permanent make up artist has passed minimum practicing requirements and provides a level of credibility?
- Diploma
- Better Business Bureau
- Certification
- Training
Certification
True or False:
Permanent make up technology, information, and treatments can constantly evolve; meaning they are NOT fixed
True
Which two organizations have made the greatest contribution to the field of permanent make up?
- AMA & ADA
- AMA & SPCA
- AHA & AAM
- AAM & SPCP
AAM & SPCP
What is NOT a recommended product for the permanent make up technician?
- anti-inflammatory
- Botox
- eye cream
- Lip conditioner
Botox
What is not considered a component of branding?
- Services
- Product
- Prices
- Brochures
Prices
What should a permanent make up environment take into consideration? Pick the best answer.
- Location
- Hours of operation
- Appearance
- Cleanliness
Location
What is LEAST important when choosing a vendor who provides rep pigments?
- provides pigments at the lowest cost and free shipping
- provides pigments that are traceable according to the batch from which they were derived
- provides pigments that are safe
- provides pigments that are consistent
Provides at lowest cost and free shipping
Collecting information on your competitors pricing, menu offerings, and compensation can help improve your business’s ___________?
- Cash management
- Return on investment
- negotiation
- Competitiveness
Competitiveness
True or false:
Manufactures and distributors of machines and devices that you use for applications will ALWAYS provide the same after support
False
True or False:
Permanent make up licensure varies from state to state
True
Where are some of the places to acquire permanent make up training or continuing education?
- Licensed school
- trade conferences
- trade shows
- all of the above
All of the above
Who creates and sustain a coat of ethics for permanent cosmetic professionals?
- American medical Association
- business owner
- DPOR
- AAM & SPCP
AAM & SPCP
New permanent make up technology requires the technician to:
- attend training and conferences
- Have a savvy business mind
- Understand industry trends
- all of the above
All of the above
New permanent make up technology will:
- Give technicians new tools
- Improve the results for the clients
- Provide effective marketing tactics
- all of the above
All of the above
True or False:
your business competition is everywhere, even outside your business sector
True
What should you learn about your business competitors?
- their pricing
- they’re demographic targets
- their treatments
- their promotions
- their pricing and their treatments
-all of the above
All of the above
What should you consider when you price your permanent make up services and products?
- Drastically cut prices in an effort to attract customers
- Negotiate with your clients for highest pricing
- implement a standard pricing policy
- None of the above
Implement a standard pricing policy
What describes a complex document that includes a budget, marketing plan, and a growth plan for a permanent make up business?
- Standard pricing policy
- Annual business plan
- Yearly business objectives
- None of the above
Annual business plan
What high-level tasks are involved when you conduct cash management?
- Accurate and regular monitoring and daily tracking of operations and business risks
- Understand your business’s financial statements
- Establish indicators and goals weekly to evaluate your performance
- all of the above
All of the above
What lower-level tasks are involved when you conduct cash management?
- Determine how much cash was collected
- Determine what major expenses will be incurred in the next 4 weeks
- Determine how much cash is on hand
- all of the above
All of the above
