Chapter 18: Business and Marketing Flashcards

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1
Q

Independent Contractor

A

Someone who works for themselves and is contracted to provide services for a company as a nonemployee.

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2
Q

Business Plan

A

Outlines the structure, marketing, and growth of a new business.

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3
Q

Cueing

A

A communication that prompts a client to engage in a movement pattern or conveys proper technique.

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4
Q

In-Person Training

A

Live, face-to-face fitness training done individually or in small or large groups.

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5
Q

Virtual Training

A

Remote training sessions conducted via website, phone applications, or social media platforms.

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6
Q

Hybrid Personal Training

A

A training approach that utilizes in-person and virtual training styles to allow for easier, more frequent access to the fitness professional.

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7
Q

Buddy Training

A

Exercise instruction between a personal trainer and two clients at the same time.

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8
Q

Small Group Personal Training

A

Exercise instruction delivered to two to four clients at the same time.

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9
Q

Group Exercise

A

Large group training that is often choreographed and where all participants are executing the same exercises simultaneously.

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10
Q

Certified Group Fitness Instructors

A

Fitness professionals certified in delivering large group fitness classes. These classes are often choreographed and require specific training in a particular class format.

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11
Q

Small Business Administration

A

A US government agency established in 1953 to promote economic growth by helping new and existing small businesses and providing advice, financial assistance, counseling, and tips for sustainable business growth.

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12
Q

Sole Proprietorship

A

The most common business structure, in which the single owner has complete control over and liability for a business.

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13
Q

Partnership

A

A business structure with two or more people running the business who share liability and responsibility for the business’s performance.

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14
Q

Limited Liability Company

A

A corporate structure in the US limiting the liability of the owner; it combines aspects of corporations and sole proprietorships.

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15
Q

Corporation

A

A business structure in which the owners and operators are separated from the liabilities of the business.

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16
Q

C Corporation

A

The business itself is liable for the tax burdens of financial losses and gains of the corporation.

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17
Q

S Corporation

A

The shareholders are responsible for the tax burdens of losses and gains.

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18
Q

Mission Statement

A

A short statement of why a business exists and their overall goal for operating.

19
Q

Market Analysis

A

A qualitative and quantitative assessment of a business market that examines product and service volume, buying patterns, regulations, and business competition.

20
Q

Target Market

A

The particular group(s) of consumers that a product or service targets.

21
Q

Customer Life Cycle

A

The steps a customer goes through when considering, buying, and using a product or service, including awareness, engagement, evaluation, purchase, experience, and bonding and advocacy.

22
Q

Client Persona

A

A fictional person that represents the key characteristics of a trainer’s preferred clientele.

23
Q

Branding

A

A name, logo or symbol that identifies and differentiates a product from other products.

24
Q

Calls to Action

A

Marketing statements that demand an immediate response from the recipient—for instance, “Sign up now” or “Click here to learn more.”

25
Q

Hashtags

A

Social media tags users can create to help others find messages and posts with a specific theme or content.

26
Q

Social Proof

A

A success story of a program or something similar to prove that the style of training works.

27
Q

Prospect

A

A person who has shown interest in a product or service and is a potential customer.

28
Q

Relationship Emails

A

Emails used to engage with clients and prospects and build a relationship.

29
Q

Strategic Emails

A

Email communications that explain why a trainer does what they do, training philosophies, and more about themselves.

30
Q

Promotional Emails

A

An email communication series that presents an offer or promotion for a limited time.

31
Q

Onboarding Emails

A

A series of email communications that gather the required documentation and assessments to begin a training program.

32
Q

Leads

A

Potential clients not yet using a professional’s services.

33
Q

Reengagement Emails

A

An email communication method to reach out to former clients and prospects and encourage a reply.

34
Q

Client Referrals

A

A method of marketing where current or former clients refer friends and family to a professional for services by word of mouth.

35
Q

Upsell

A

A sales technique where a client is encouraged to purchase additional services, products, or add-ons to generate more revenue.

36
Q

Scope of Practice

A

The practices, procedures, and actions a personal trainer is permitted to undertake in keeping with their professional certification.

37
Q

Profit and Loss Statement

A

A financial statement summarizing revenues, costs, and expenses in a given time period.

38
Q

Code of Ethics

A

A set of guiding principles that drives the actions of a professional.

39
Q

Integrity

A

being straightforward, honest, and transparent

40
Q

Objectivity

A

remaining unprejudiced and avoiding conflict, bias, or outside influence

41
Q

Professional competence

A

committing to education and professional knowledge to improve coaching skills throughout one’s career

42
Q

Confidentiality

A

protecting the privacy of clients in all forms

43
Q

Professional behavior

A

acting to build and preserve one’s reputation as a health coaching professional