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Vocabulary terms and definitions covering cosmetology exam strategies, salon employment structures, career preparation, business ownership, and salon operations.
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Deductive Reasoning
A test-taking strategy that involves eliminating incorrect answers to arrive at the correct choice.
Stem
The basic question or problem section of a test item that must be studied carefully before answering.
National Chain
A salon type where corporate headquarters makes operational and management decisions for each location.
High-Image Salon
A salon type that provides high standards of personal service, technical expertise, appearance, and communication.
Resume
A document ideally one page in length that summarizes professional background, primarily focusing on achievements, accomplishments, job duties, and responsibilities.
Portfolio
A visual tool that showcases professional work and capabilities to help secure employment.
Networking
A subtle approach to increasing the breadth and scope of your professional contacts.
Job Description
A document that lists all the specific duties and responsibilities required of a position.
Employee
A worker who is told when and where to work, how to perform the job, and what uniform to wear, and who commonly receives benefits like paid holidays and vacation days.
Form 1099-MISC
A tax document provided to independent contractors earning an income threshold of at least $600, according to the class recording.
Booth Renters
Beauty professionals who lease workspace and are solely responsible for their own clientele, supplies, workstation, record keeping, and accounting.
Commission
A compensation structure based on paying the worker a percentage of the gross service sales they generate.
Salary
A guaranteed compensation structure that is often best for a new beauty professional starting out.
Tips
Additional income earned beyond regular compensation that must be tracked and reported on tax returns.
Defaulting
The legal term used to describe failing to repay financial loans.
Budget
A personal financial tracking tool that helps an individual monitor where their money goes.
Retailing
The act of recommending and selling take-home maintenance products for clients to use at home.
Business Plan
A comprehensive written description and roadmap of a proposed business.
Vision Statement
A written statement describing a business's long-term goals and what it aspires to become.
Marketing Plan
A plan that outlines research concerning target clients along with their specific needs, wants, and preferences.
Lease
A formal contract that specifies property ownership, usage rights, and who is responsible for repairs and expenses.
Viral Marketing
Personal communication about a product or service between clients and their friends, relatives, and associates (also referred to as word-of-mouth marketing).
Cross-Promoting
The practice of encouraging a client receiving one specific service (such as a haircut) to also book an additional service (such as a manicure or facial).
Pennsylvania
The state mentioned in the class recording where booth rental is illegal.