Milady Chapter 32 // Cosmetology flashcards |

This is a Free Service provided by Why Fund Inc. (a 501 C3 NonProfit) We thank you for your donation!

(1. Click on the course Study Set you wish to learn.) (2. If you wish you can click on "Print" and print the test page.) (3. When you want to take a on anyone of the tests for that Study Set.) (4. Click on "Check Answers" and it will score your test and correct your answers.) (5. You can take all the tests as many times as you choose until you get an "A"!) (6. Automated college courses created from lecture notes, class exams, text books, reading materials from many colleges and universities.)


Long-Term Learning

Learn efficiently and remember over time.

Start Long-Term Learning

Get personalized study reminders at intervals optimized for better retention.
Track your progress on this set by creating a folder

booth rental

"chair rental"; renting a booth or station in a salon

Business Plan

A written description of your business as you see it today, and as you foresee it in the next five years (detailed by year)

Business regulations and laws

Any and all local, state, and federal regulations and laws that you must comply with when you decide to open your salon or rent a booth.


Money needed to invest in a business

Consumption Supplies

Supplies used in the daily business operation.


An ownership structure controlled by one or more stockholders.


Information about a specific population including data on race, age, income, and educational attainment.


A set of benchmarks that, once achieved, help you to realize your mission and your vision.


Guarantees protection against financial loss from malpractice, property liability, fire, burglary and theft, and business interruption.


Business structure in which two or more people share ownership, although not necessarily equality


Your staff or employees

Record Keeping

Maintaining accurate and complete records of all financial activities in your business

Retail Supplies

Supplies sold to clients

Salon Operation

The ongoing, recurring processes or activities involved in the running of a business for the purpose of producing income and value.

Salon Policies

The rules or regulations adopted by a salon to ensure that all clients and associates are being treated fairly and consistently

Sole Proprietor

Individual owner and, most often, the manager of a business

Vision Statement

A long-term picture of what the business is to become and what it will look like when it gets there.

Written Agreements

Documents that govern the opening of a salon, including leases, vendor contracts, employee contracts, and more; all of which detail, usually for legal purposes, who does what and what is given in return.


When preparing your business plan, it is often helpful to consult with an ______ to prepare your financial documents.

Maximum Efficiency

When planning and constructing the best physical layout for a salon, the primary concern should be ________.


It should always be your top priority to meet which financial obligation?

Satisfied clients

What is the best form of advertising for a salon?

Offers Easy Access

When choosing a location for your business, you should select one that ______.


What is the minimum number of stockholders required for a corporation to exist?

the receptionist

Booking appointments is primarily whose job?

maintain current clients

The first goal of every business should be to _______________.

Organizational Plan

Which part of a business plan outlines management levels and describes how the business will be run?

Executive Summary

Which part of a business plan summarizes your plan and states your objectives.

Financial Documents

Which part of a business plan includes projected financial statements, actual statements, and financial statement analysis?

Marketing Plan

Which part of a business plan outlines all of the research obtained regarding the clients your business will target and their needs, wants, and habits.

Supporting Documents

Which part of a business plan includes the owner's resume, personal financial information, legal contracts, and any other arguments?

Mission Statement

Which part of a business plan is a description of the key strategic influences of the business?

$75 to $125

Costs to create even a small salon in an existing space can range from _____ per square foot.

Please allow access to your computerโ€™s microphone to use Voice Recording.

Having trouble? Click here for help.


We canโ€™t access your microphone!

Click the icon above to update your browser permissions above and try again


Reload the page to try again!


Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

Voice Recording

This is a Plus feature


๎€‚ Create Study Set