CDA CDA Business & Marketing Practices

Question 1

What is the most important factor to consider when setting pricing for decorative art services?

Accepted Answer

Time, materials, overhead, and desired profit margin

Answer

Material costs only

Answer

Competitor pricing alone

Answer

Client budget only

Question 2

Which business structure provides personal liability protection for a solo decorative artist in the US?

Accepted Answer

Limited Liability Company (LLC)

Answer

Sole proprietorship

Answer

General partnership

Answer

Informal freelance arrangement

Question 3

What does a client contract for a decorative art project typically NOT include?

Accepted Answer

Artist's personal tax returns

Answer

Project scope and deliverables

Answer

Payment schedule

Answer

Cancellation policy

Question 4

Which marketing channel is most effective for showcasing decorative art work visually to potential clients?

Accepted Answer

Social media platforms like Instagram and Pinterest

Answer

Cold calling

Answer

Newspaper classified ads

Answer

Direct mail flyers only

Question 5

What is a 'deposit' in the context of a decorative art commission agreement?

Accepted Answer

A partial payment made before work begins to secure the project

Answer

A full payment made upfront

Answer

A refundable security payment held in escrow

Answer

The final payment upon project completion

Question 6

When should a decorative artist issue a formal invoice to a client?

Accepted Answer

Upon project milestones or completion as agreed in the contract

Answer

Only after the client asks for one

Answer

Six months after project completion

Answer

Before any work or deposit is discussed