Final answer:
The salon industry has evolved to include suite rentals, which allow salon professionals to rent space in a larger salon or spa and operate their own business within that space.
Step-by-step explanation:
The subject of this question is Business and the grade level is College.
The term that was first coined by Noel DiCaprio and added to the salon industry since the late 1980s is Suite rentals. Suite rentals refer to individual salon professionals who rent space in a larger salon or spa and operate their own business within that space. It allows hairstylists, beauticians, and other salon professionals to have more independence and control over their working environment.
Other options provided in the question such as Freelance stylists, Pop-up salons, and Mobile salons are also parts of the evolving salon industry in recent years, but the specific term mentioned in the question is Suite rentals.