salon business

Question 1

operating agreement in which a business functions under parent corporation

Answer 1

franchise

Question 2

buyer type who wants to save money

Answer 2

bargain buyer

Question 3

how long should all records of daily sales & services be kept for

Answer 3

5-7 years

Question 4

buyer type that is open minded & willing to take a chance on new products

Answer 4

ready buyer

Question 5

term applied to procedures that will ensure that products are accounted for from time bought until used

Answer 5

inventory control

Question 6

paid holidays, bonuses & insurance are all

Answer 6

benefits

Question 7

rental agreement known a

Answer 7

lease

Question 8

buyer who puts a struggle & has a strong desire to to debate

Answer 8

stubborn

Question 9

emotional buyer bases purchase on

Answer 9

personal reason

Question 10

what is important to allow close management of products purchased for retail in the salon

Answer 10

inventory system

Question 11

to be granted a future loan, it is important to pay loans on time to avoid

Answer 11

default

Question 12

who owns a sole proprietorship

Answer 12

one person

Question 13

income minus expenses equals

Answer 13

profit

Question 14

insurance that covers cost of equipment in case of fire or theft

Answer 14

property insurance

Question 15

who collects retirement & saving funds

Answer 15

US & Canadian government

s

Question 16

buyer who wants to know all the facts about products

Answer 16

logical

Question 17

list of total liabilities

Answer 17

debt

Question 18

benefit of a product

Answer 18

reason you should buy it

Question 19

to become an invaluable asset to any any salon staff, you should never

Answer 19

make negative comments

Question 20

compliance with local, state, regulations & laws is the responsibility of

Answer 20

the owner

Question 21

insurance that protects the salon owner from financial loss due to employees negligence

Answer 21

malpractice

Question 22

stylists name, service, clients name, date & clients phone number should be listed on

Answer 22

appointment book

Question 23

money in checking & savings account, IRA’s, stocks & bonds are considered

Answer 23

assets

Question 24

effective technique in building clientele is to

Answer 24

pass business cards

Question 25

features of a product include

Answer 25

size of container

Question 26

item reported to IRS as employee income

Answer 26

tips

Question 27

method most effective to building clientele

Answer 27

word of mouth

Question 28

amount of commission paid by salons for retail sales

Answer 28

50%

Question 29

term given for selling products for client home care

Answer 29

retailing

Question 30

making future appointments with clients

Answer 30

prebook

Question 31

stylist additional payment based on number of clients bringing into the salon

Answer 31

salary & commission

Question 32

to help keep an accurate inventory of supplies, it is important to maintain a

Answer 32

inventory control form

Question 33

workers compensation insurance is needed to protect

Answer 33

employee

Question 34

treat client with

Answer 34

respect & concern

Question 35

easiest buyer motivation to recognize in the salon

Answer 35

ready buyer

Question 36

payments received from clients for services performed and retail

Answer 36

income

Question 37

what doesn't need to be researched when beginning planning of salon

Answer 37

distance from social security office

Question 38

what isnt a guideline when creating a resume

Answer 38

8 pages of info

Question 39

most important relationships you form at the beginning of your career are the ones you develop

Answer 39

within the salon

Question 40

item that offers an employee a brief summary of who you are & qualities

Answer 40

cover letter