Milady Barbering 6th Ed 2025-Ch 21-the business of barbering ACTUAL Questions And CORRECT Answers
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Milady Barbering
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Milady Barbering
Milady Barbering 6th Ed 2025-Ch 21-the
business of barbering ACTUAL Questions
And CORRECT Answers
vision statement - CORRECT ANSWER- a long-term picture of what the business is to
become and what it will look like when it gets there
goals - CORRECT ANSWER- a set of benchmarks, that, once ac...
Milady Barbering 6th Ed 2025-Ch 21-the
business of barbering ACTUAL Questions
And CORRECT Answers
vision statement - CORRECT ANSWER- ✔✔a long-term picture of what the business is to
become and what it will look like when it gets there
goals - CORRECT ANSWER- ✔✔a set of benchmarks, that, once achieved, help you to
realize your mission and your vision
written agreements - CORRECT ANSWER- ✔✔documents that govern the opening of a
barbershop, including leases, vendor contracts, all of these detail, usually for legal purposes,
who does what and what is given in return
business plan - CORRECT ANSWER- ✔✔a written description of your business as you see it
today and as you foresee it in the next 5 years ( detailed by year ). this is more of an
agreement with yourself, and it is not legally binding. ( if you plan to obtain financing, it is
essential that you have one in the first place )
demographics - CORRECT ANSWER- ✔✔information about a specific population,
including data on race, age, income, and educational attainment
business regulations and laws - CORRECT ANSWER- ✔✔any and all local, state, and
federal regulations and laws that you must comply with when you decide to open your
barbershop or rent a booth
insurance - CORRECT ANSWER- ✔✔guarantees protection against financial loss from
malpractice, property liability, fire, burglary and theft, and business interuption
barbershop operation - CORRECT ANSWER- ✔✔the ongoing, recurring processes or
activities involved in the running of a barbershop for the purpose of producing income and
value
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