โ† All CPS Flashcard Decks

Business Management & Marketing for Pet Stylists Flashcards

7 cards from real CPS practice questions. Tap to flip, then mark Knew It or Still Learning โ€” missed cards come back until you master them.

Read the first 7 Business Management & Marketing for Pet Stylists flashcards as text
  1. A grooming salon posts a 'refer a friend, get 10% off' promotion. This is an example of:

    Answer: A referral program

    A referral program incentivizes existing clients to bring in new customers by offering them a discount or reward.

  2. Which financial statement shows a grooming business's revenue, expenses, and profit over a specific period?

    Answer: Income statement (Profit & Loss)

    The income statement, also called a Profit & Loss statement, summarizes revenues and expenses to show net profit or loss over a period.

  3. A pet stylist notices that 80% of revenue comes from 20% of clients. This principle is known as:

    Answer: The Pareto Principle

    The Pareto Principle (80/20 rule) states that roughly 80% of outcomes come from 20% of causes, such as top clients driving most revenue.

  4. Which of the following is the most effective way to respond to a negative online review of your grooming salon?

    Answer: Reply professionally, acknowledge concerns, and offer to resolve offline

    A professional, empathetic response that invites offline resolution shows prospective clients that the business takes feedback seriously.

  5. An 'upsell' in a pet grooming context would be:

    Answer: Recommending a teeth-brushing add-on during checkout

    Upselling means offering additional services (like teeth brushing or paw balm) that increase the value of the current transaction.

  6. What is the primary purpose of a grooming salon's cancellation policy?

    Answer: To protect the business from lost revenue due to last-minute cancellations

    A cancellation policy protects the groomer from revenue loss caused by no-shows or last-minute cancellations that leave appointment slots unfilled.

  7. Which type of business structure offers personal liability protection while allowing pass-through taxation for a solo groomer?

    Answer: Limited Liability Company (LLC)

    An LLC protects personal assets from business liabilities while profits pass through to the owner's personal tax return, avoiding corporate double taxation.