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23 Cards in this Set

  • Front
  • Back

Personal Selling

Personalpresentation by the firm's sales force for the purpose of making sales andbuilding customer relationships.

Salesperson

Anindividual representing a company to customers by performing one or more of thefollowing activities' prospecting, communicating, selling, servicinginformation gathering, and relationship building.

Sales force management

The analysis, planning, implementation andconsole of sales force activities. It includes designing sales force strategy,and structure and recruiting, selecting, training, compensating, supervising,and evaluating the firm's salespeople.

Territorial sales force structure

Asales force organization that assigns each sales person to an exclusivegeographic territory in which that salesperson sells the company's full line.

Product sales force structure

A sales force organization under whichsalespeople specialize in selling only a portion of the company's products orlines.

Customer (or market) sales force structure

Asales force organization under which sales people specialize in selling only tocertain customers or industries.

Outside sales force (or field sales force)

Outsidesales people who travel to call on customers in the field.

Inside sales force

Insidesales people who conduct business from their offices via telephone, theinternet, or visit from prospective buyers.

team selling

Usingteams of people from sales, marketing, engineering, finance, technical support,and even upper management to service large complex accounts?

Sales Quota

Astandard that states the amount a sales person should sell and how sales shouldbe divided among the company's products.e5A

Selling process

The steps that salespeople follow whenselling, which include prospecting and qualifying, preapproach, approach,presentation and demonstration, handling objections, closing and follow up.

Prospecting

Thestep in the selling process in which the salesperson or company identifiesqualified potential customers.

Preapproach

Thestep in the selling process in which the salesperson learns as much as possible about a prospective customerbefore making a sales call.c.

Approach

thestep in the selling process in which the sales person meets the customer forthe first time.

Presentation

Thestep in selling process in which the sales person tells the "valuestory" to the buyer, showing how the company's offer solves the customer'sproblems.

Handling objections

Thestep in the selling process in which the sales person seeks out, clarifies, andovercomes customer objections to buying.

closing

Thestep in the selling process in which the salespersons asks the customer for anorder.

Follow-up

Thelast step in the selling process in which the salesperson follows up after thesale to endure the customer satisfaction and repeat business.

Sales promotions

Short-termincentives to encourage the purchase or sales of a product or a service.

Consumer promotions

Salespromotion tools used to boost short-term customer buying and involvement or toenhance long-term customer relationships.

event marketing

Creatinga brand-marketing event to serving as asole or participating sponsor of events created by others.

trade promotions

Sales promotion tools used to persuade resellersto carry a brand, give it shelf space, promote it in advertising and push it toconsumers.

Business promotions

Salespromotion tools used to generate business leads, stimulate purchases, rewardcustomers, and motivate sales person.