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Home Page Social Science Business Ch. 32 Review - Flashcards

Ch. 32 Review – Flashcards

Matilda Campbell
8 July 2022
8 test answers

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question
Name and describe the two most common options for going into business for yourself.
answer
Booth rental, renting a booth or station in a salon. Opening your own salon.
question
What responsibilities does a booth renter assume? What are the disadvantages of booth renting?
answer
Responsible for his or her own clientele, supplies, record keeping and accounting. You do not get benefits, paid time off or vacation time.
question
List at least three of the basic factors that potential salon owners should consider before opening their business.
answer
Determine business feasibility, create a vision statement and create a business timeline.
question
How many types of salon ownership are there? Describe each.
answer
Four. Individual ownership, sole proprietor makes own rules and responsible. Partnerships are two or more people who share ownership. corporations are ownership structures controlled by one or ore stockholders. Franchise ownership is a form of business in which a firm that is already successful enter into a continuing contractual relationship with other business.
question
List and describe the categories of information that should be included in a business plan.
answer
Execurite summary of you plan and objectives. Vision statement of a long-term picture. Mission statement describing key strategic influences of the business. Organizationgal plan outlining employees and management. Marketing plan outlining clients you business will target. Financial documents, supporting documents and salon policies.
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question
why is it important to keep good records? What type of records should be kept?
answer
To meet local, stated, and federal laws regarding taxes and employees. Purchase and inventory records and service records.
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question
List and describe the five elements of a successful salon.
answer
Salon layout is crucial to smooth operation of a salon, personnel size of salon will determine size of staff, front desk, use of telephone, booking appointments.
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question
Why is selling services and products such a vital aspect of a salon's success?
answer
Because adding services or retail sales to you service tickets means additional revenue.
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Question
What is the right structure for an essay
Answer
A paragraph is a related group of sentences that develops one main idea. Each paragraph in the body of the essay should contain:
  • a topic sentence that states the main or controlling idea
  • supporting sentences to explain and develop the point you’re making
  • evidence from your reading or an example from the subject area that supports your point
  • analysis of the implication/significance/impact of the evidence finished off with a critical conclusion you have drawn from the evidence.