Chapter 32 Review ~ The Salon Business Flashcards
A primary concern in salon design should be ___.
Maximum Efficiency
Clients and associates will be treated more fairly and consistently through ___.
Salon Policies
Malpractice insurance is purchased by the ___.
Salon Owner
An important first step in seeking financing to open a salon is developing a ___.
Business Plan
Supplies used in daily business operations are know as ___.
Consumption Supplies
The type of ownership in which stockholders share the profits is called ___.
Corporation
Prior to opening a business, contact local authorities regarding: ___
Business License
Insurance policies help protect salon owners against ___.
Malpractice Lawsuits
The largest expense in operating a salon is the ___.
Salaries
What will be the ultimate determining factor in the size of your salon staff?
Size of the Salon
The three types of salon ownership are individual ownership, partnership, and ___.
Corporation
An important part of the salon business is handled by the ___.
Telephone
What percentage of the total gross income should be allocated to advertising?
3%
Supplies that are to be sold to the clients are known as ___.
Retail Supplies
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/an ___.
Lease
When booking appointments, salon services should be sold in terms of ___.
Time on the Book
When interviewing potential employees, you should consider their level of skill, personal grooming habits, their communication skills, and ___.
Attitude
In the allotment of funds, paying the employees should always ___.
Be The Top Priority
When opening a new salon, your business plan should include projected income and expenses for up to ___.
Five Years
The best form of advertising is through:
Satisfied Clients
Successful salon owners will share their success with their employees by making payroll obligations a top priority and offering ___.
Incentives
Activities that promote the salon in a favorable light are known as ___.
Advertising
Overstocking and supply shortages can be prevented by maintaining ___.
Purchase Records
When should advertising for your salon be planned?
Well In Advanced
When planning to open a salon, one of the most important considerations is ___.
Location
