Fiona Wants to Set Up a Beauty Salon in the Sydney

question 46

Multiple Choice

Fiona wants to set up a beauty salon in the Sydney CBD.It is important that she takes the steps to set up the salon in appropriate order.Which of the following ought she, ideally, do last?

• A)Make an application for a substantial bank loan secured by a mortgage on her home.
• B)Find out the number of competing beauty salons in the CBD and whether there is room for her business in the market.
• C)Seek financial, legal and business advice on important aspects of the business.
• D)Find out the costs of renting shop space in the CBD and the other costs of the business.

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Definitions:

Storage Locker

A small, usually lockable space provided to individuals to store personal items, often found in public or private storage facilities.

Fair Housing Act

United States legislation that prohibits discrimination in the sale, rental, and financing of dwellings based on race, color, religion, sex, or national origin.

Sexual Orientation

An individual's emotional, romantic, or sexual attraction to others.

Discrimination

Unjust or prejudicial treatment of different categories of people, particularly on the grounds of race, age, sex, or disability.