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22 Cards in this Set
- Front
- Back
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1. What is a Lease? |
An agreement between yourself and the building owner. |
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2. The Federal Agency that requires that the ingredients of cosmetic preparations be available to employees is? What are these lists called? |
OSHA, & Safety Data Sheets (SDS) |
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3. Some reasons for entering a partnership are? |
More Captial, or money to pull their skills and talents. |
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4. Name a few forms of advertising |
1. Newspaper ads 2. Radio spots 3. Charity events 4. Fashion shows |
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5. What are consumption supplies? |
Supplies used in the daily business operation |
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6. What are some responsibilities of the receptionist? |
- The greeter - Answering the phones - Booking appointments -Introducing professional when their clients arrive and preparing daily appointment info |
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7. In planning and constructing the physical layout of a salon, it should be designed for? |
Maximun efficiency |
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8. What is the top priority in the allotment of funds? |
To meet payroll obligations |
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9. Good business operations requires a simple and efficient what? |
Record system |
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10. You will want to base your business location on your ________ _________ and their needs |
Primary clientele |
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11. What is a business plan? |
A written description of your business as you see it today & as you foresee it in the next 5 years |
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12. Define a Vision statement |
A longterm picture of the long-term goals for the business and what it is to become |
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13. A stockholder of a corporation is required to pay unemployement insurance taxes on what? |
His/Her salary |
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14. ___________ is one of the best ways that a business owner can protect his/her personal assets. |
Incorporating |
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15) 1 to 5 years |
Time for tending to the business, its clientele, its employees, and for growing and expanding the business |
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16) 5 to 10 years |
- Can be for adding more locations - Expanding the scope of the business (spa services) - Construction of a larger space |
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17) 11 to 20 years |
You may want to move from being a working cosmetologist into a full time manager ; begin planning to retire. |
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18. Explain individual ownership |
Also known as a SOLE PROPRIETOR, determines policies, assumes expenses, receives profits, and bears all losses |
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19. What is a corporation? |
An ownership structure controlled by one or more stockholders |
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20. What is a mission statement? |
A description of the key strategic influences of the business. |
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21. What part of the business plan describes the administrative structure of the business plan? |
Organizational Plan |
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22. Give examples of promotions using social media |
Youtube |
