Salon Business Part 4

A type of business in which stockholders control the ownership is called a:

A type of ownership in which the owner enters a contract with an established parent company and shares a national name, image, and business formula is called a:

Another name for an individual salon ownership is:

The type of ownership that assumes the least amount of personal liability for the owner is a:

The advantage of this type of ownership is that you only need to worry about yourself and your area of the salon:

One way to prevent a lawsuit in the salon would be to:

​ Supplies used in daily business operations are called (a)   , while supplies sold to clients are called ​ (b)   .

Receipts from sales and services are called:

(a)   , while all money paid out in the salon is called ​ (b)  

The largest expense in operating a salon is:

No more than what percent of total gross income should be allocated to advertising?

(a)