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Test your basic knowledge |
Personal Selling
Start Test
Study First
Subject
:
business-skills
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Focus on longterm - deliver more than promised - call regularly - add value - keep communications lines open - Take responsibility for Problems
net price
gross profit
relationship enhancers
Relationship Detractors
2. Power that results from characteristics that command subordinates' identification with - respect and admiration for - and desire to emulate the leader
referent power
different types of objections
cumulative quantity discounts
sales call
3. 1. attention 2. interest 3. desire4. conviction 5. purchase
confirmed benefits
Sources of power
compensation
mental steps in buying
4. The personal distance that individuals prefer to keep between themselves and other individuals and is an important element of nonverbal communication
cash discounts
proxemics
Relationship Detractors
Types of discounts
5. The benefits the buyer indicates are important and represent value
indirect denial
zone price
confirmed benefits
features
6. Counterbalance the objection with an offsetting benefit question: ask the buyer assessment questions to gain a better understanding of the source of the objection
compensation
cloverleaf pattern
circular route pattern
Portfolio Analysis
7. Listen carefully and get the whole story - Ask the customer what s/he would like you to do - Negotiate an agreeable solution
steps to resolving Complaints
Levels of sales goal
proxemics
Different types of account classifications
8. 1) Gain agreement on solution 2) Take action; educate the customer 3) Follow through on all promises -- add value
customer value proposition
referent power
Resolving Complaints
needs of the prospect
9. Power that stems from a formal management position in an organization and the authority granted to it
sales presentations
legitimate power
written proposal
sequential Components of Effective Followup
10. ABC analysis the simplest and most often used method for classifying accounts. Accounts are categorized on the basis of a single factor and placed into three or four categories
sequential Components of Effective Followup
major city pattern
Single-factor analysis
organized presentation
11. Failure to meet expectations results in dissatisfaction - meeting expectations results in satisfaction - exceeding expectations results in delight
Importance of managing expectations
Steps in the Selling Process
Different types of Routing plans
sequential Components of Effective Followup
12. An in-person meeting between a salesperson or sales team and one or more buyers to discuss business.
sales dialogue
sales presentations
FOB destination
sales call
13. Introduce the source of the objection before the prospect brings it up
Forestall
Single-factor analysis
different ways of earning commitment
Resolving Complaints
14. Forestall - Direct Denial - indirect denial - compensation - question - third party reinforcement
sales dialogue
list price
The dimensions of motivation
methods for handling resistance
15. Classification allows two factors to be considered simulataneously
types of sales presentations
indirect denial
consumer discount
Portfolio Analysis
16. Respond to the objection by providing evidence that helps the prospect realize s/he is mistaken
cloverleaf pattern
Markup
Determine Markup based on cost (% Markup based on cost)
indirect denial
17. Routing plan in which - beginning in one cluster - the salesperson works each of the accounts at that location and then jumps to the next cluster.(widely dispersed)
Characteristics of effective sales goals
net price
leapfrog pattern
Levels of sales goal
18. Money available to cover the costs of marketing - operating the business - and profit.
zone price
Sequence of the Sales Presentation
net profit
gross profit
19. Territory routing plan in which salespeople start from their offices and make calls in one direction until they reach the end of the territory.(located in clusters away from one another)
sales dialogue template
importance of followup and customer retention
major city pattern
straight line route pattern
20. Sales presentation that includes scripted sales calls - memorized presentations - and automated presentations. little training is required; inflexible/not customizable; difficult to build trust
Sources of power
Relationship Detractors
canned presentation
ADAPT
21. Focus on short-term - Over Promise-Under Deliver - Call Sporadically - Show Up for Another Order - Can Never Reach Salesperson - Lie - Exaggerate - Blame Someone else
Relationship Detractors
Markup
sales presentations
components in the sales Dialogue Template
22. Prospecting - Preapproach - approach - presentation - trial close - objections - meet objections - trial close - close - Follow-up
FOB destination
features
Steps in the Selling Process
importance of followup and customer retention
23. Introductory approach - product approach - benefit approach - question approach - referral approach - compliment approach - survey approach
features
leapfrog pattern
mental steps in buying
ways to approach a prospect
24. Questions salespeople use throughout a sales dialogue to generate feedback from the buyer
consumer discount
cloverleaf pattern
check back or response check
Resolving Complaints
25. Executive summary - situation analysis - needs benefits analysis - company description - pricing and sales agreement - suggested action and timetable
Determine Markup based on cost (% Markup based on cost)
Different types of prices
components of a sales proposal
Sources of power
26. Power that stems from the authority to punish or recommend punishment
list price
needs of the prospect
Single-factor analysis
coercive power
27. The added value or favorable features of the product or service the seller offers
types of sales presentations
referent power
benefits
cloverleaf pattern
28. 1) Interact- maximize number of critical encounters 2) Connect- maintain contact with multiple members of the buying team and maintain consistency of the message 3) Know- interpret the gathered information from multiple sources and develop insights i
sequential Components of Effective Followup
coercive power
third party reinforcement
Resolving Complaints
29. State the selling point and introduce the aid - present the aid - explain the aid - summarize sales aid
Sources of power
Portfolio Analysis
SPES sequence for presenting sales aids
written proposal
30. It is important to uncover the ________________ and match them with the benefits of your product in the presentation
steps to resolving Complaints
cumulative quantity discounts
cloverleaf pattern
needs of the prospect
31. Personal goals - sales call goals - account goals - territory goals
Types of discounts
check back or response check
Levels of sales goal
cash discounts
32. Respond to the objection by telling the prospect s/he is wrong
direct denial
different types of objections
sales call
Relationship Detractors
33. The money remaining after the costs of marketing and operating the business are paid
Determine Markup based on cost (% Markup based on cost)
net profit
Characteristics of effective sales goals
Sequence of the Sales Presentation
34. A statement of how the sales offering will add value to the prospect's business by meeting a need or providing an opportunity.
consumer discount
Markup
customer value proposition
handling objections(LAARC)
35. Power that results from the authority to bestow rewards on other people
sales dialogue template
Different types of Routing plans
expert power
reward power
36. Realistic - yet challenging - specific and quantifiable - Time specific
methods for handling resistance
Characteristics of effective sales goals
sales dialogue template
written proposal
37. Listen carefully - ask the customer what s/he would like you to do - negotiate an agreeable solution
different types of objections
cumulative quantity discounts
Portfolio Analysis
steps to resolving complaints
38. Earned when buyers pay their bill within a stated period
Importance of managing expectations
list price
cash discounts
The dimensions of motivation
39. Providing useful information - Expediting orders and monitoring installation - Training customer personnel - Correcting billing errors - Remembering the customer after the sale - Resolving complaints
direct denial
ways to approach a prospect
Relationship enhancement activities
Markup
40. A flexible planning tool that assists the salesperson in assembling pertinent information to be covered with the prospect.
different types of objections
Determine Markup based on cost (% Markup based on cost)
sales dialogue template
compensation
41. A quality or characteristic of a product or service that is designed to provide value to a buyer
features
Importance of managing expectations
Markup
cloverleaf pattern
42. A territory routing plan used when the territory is composed of a major metropolitan area and the territory is split into a series of geometric shapes reflecting each ones concentration and pattern of accounts
ways to approach a prospect
expert power
steps to resolving Complaints
major city pattern
43. The process of first deciding what is to be accomplished and then placing into motion the proper plan designed to achieve those objectives
Determine Markup based on cost (% Markup based on cost)
steps to resolving Complaints
Self-Leadership
cloverleaf pattern
44. The seller pays all shipping costs
Steps in the Selling Process
Types of discounts
FOB destination
different types of objections
45. Territory routing plan in which the salesperson begins at the office and moves in an expanding pattern of concentric circles that spiral across the territory. (evenly distributed)
circular route pattern
trade discounts
steps to resolving Complaints
benefits
46. One-time price reductions the producer passes on to channel members or directly to the consumer
consumer discount
cloverleaf pattern
Determine Markup based on price (% markup on price)
sales call
47. Prospect information - customer proposition - sales call objective - situation and needs analysis - competitive situation - beginning sales dialogue - anticipate questions & objections - earn prospect commitment - building value through follow-up a
Types of discounts
reward power
cash discounts
components in the sales Dialogue Template
48. Some training is required; customizable while being written but not delivered; may be percieved as more credible
non-cumulative quantity discounts
FOB destination
written proposal
referent power
49. Ask for the order/direct commitment -legitimate choice/alternative choice - summary commitment - t-account or balance sheet commitment - success story commitment
coercive power
trade discounts
different ways of earning commitment
confirmed benefits
50. Influence based on special skills or knowledge
components of a sales proposal
needs of the prospect
direct denial
expert power