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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. Sales presentation that includes scripted sales calls - memorized presentations - and automated presentations. little training is required; inflexible/not customizable; difficult to build trust
sequential Components of Effective Followup
canned presentation
cumulative quantity discounts
different types of objections
2. Standard price charged to customers
Single-factor analysis
third party reinforcement
list price
expert power
3. An appointment - agreement for next meeting - agreement for product demo - a sale
benefits
net price
coercive power
components of a commitment
4. A flexible planning tool that assists the salesperson in assembling pertinent information to be covered with the prospect.
sales dialogue template
sales call
reward power
legitimate power
5. Respond to the objection by telling the prospect s/he is wrong
Characteristics of effective sales goals
non-cumulative quantity discounts
legitimate power
direct denial
6. 1. Introduction 2. Need discovery 3. Present benefits addressing the buyer's explicit needs 4. Continuation of prior sales calls should start with a summary of earlier calls 5. Pricing issues should not be focused on until the customer's needs have b
Sequence of the Sales Presentation
trade discounts
customer value proposition
Importance of managing expectations
7. Forestall - Direct Denial - indirect denial - compensation - question - third party reinforcement
methods for handling resistance
referent power
Self-Leadership
cash discounts
8. The seller pays all shipping costs
list price
needs of the prospect
FOB destination
ways to approach a prospect
9. Listen carefully - ask the customer what s/he would like you to do - negotiate an agreeable solution
FOB destination
Different types of account classifications
third party reinforcement
steps to resolving complaints
10. The benefits the buyer indicates are important and represent value
Steps in the Selling Process
sales dialogue
confirmed benefits
FOB (free on board)
11. 1) straight line route pattern 2) cloverleaf pattern 3) circular route pattern 4) leapfrog pattern 5) major city pattern
zone price
written proposal
Different types of Routing plans
Determine Markup based on cost (% Markup based on cost)
12. Realistic - yet challenging - specific and quantifiable - Time specific
zone price
Relationship Detractors
Characteristics of effective sales goals
different ways of earning commitment
13. (amount added to cost/selling price)
Importance of managing expectations
circular route pattern
Determine Markup based on price (% markup on price)
net price
14. 1) non-cumulative quantity discounts 2) cumulative quantity discounts 3) cash discounts 4) trade discounts 5) consumer discount:
types of sales presentations
Different types of Routing plans
Types of discounts
sequential Components of Effective Followup
15. Providing useful information - Expediting orders and monitoring installation - Training customer personnel - Correcting billing errors - Remembering the customer after the sale - Resolving complaints
coercive power
Different types of prices
non-cumulative quantity discounts
Relationship enhancement activities
16. 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
direct denial
components in the sales Dialogue Template
compensation
legitimate power
17. Certainty - uncertainty - significance - connection and love - needs of spirit
gross profit
cumulative quantity discounts
Self-Leadership
The human needs
18. Comprehensive communications that convey multiple points designed to persuade the customer to make a purchase.
SPES sequence for presenting sales aids
sales presentations
Sources of power
zone price
19. Personal goals - sales call goals - account goals - territory goals
sales dialogue
Levels of sales goal
components in the sales Dialogue Template
Portfolio Analysis
20. Power that results from the authority to bestow rewards on other people
components in the sales Dialogue Template
reward power
Forestall
straight line route pattern
21. Listen - Acknowledge - Assess - Respond - Confirm
canned presentation
list price
cash discounts
handling objections(LAARC)
22. 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
Different types of prices
ways to approach a prospect
The human needs
23. 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
The human needs
gross profit
steps to resolving Complaints
24. Listen carefully and get the whole story - Ask the customer what s/he would like you to do - Negotiate an agreeable solution
gross profit
steps to resolving Complaints
ways to approach a prospect
trade discounts
25. Assessment - Discovery - Activation - Projection - Transition
ADAPT
reward power
steps to resolving complaints
importance of followup and customer retention
26. Means the buyer pays transportation charges on the goods--- the title passes to the customer when the goods are loaded on the shipping vehicles
FOB (free on board)
Forestall
mental steps in buying
net profit
27. The added value or favorable features of the product or service the seller offers
Characteristics of effective sales goals
zone price
gross profit
benefits
28. One time reduction in prices commonly used in both consumer and industrial goods
Resolving Complaints
non-cumulative quantity discounts
Sequential Stages of Self-Leadership
Forestall
29. Power that stems from the authority to punish or recommend punishment
written proposal
Resolving Complaints
net price
coercive power
30. Single-factor analysis - portfolio analysis
Different types of account classifications
net price
Relationship enhancement activities
written proposal
31. Extensive training is required: customizable; interactive fosters trust
relationship enhancers
major city pattern
FOB (free on board)
organized presentation
32. Introduce the source of the objection before the prospect brings it up
net price
SPES sequence for presenting sales aids
Forestall
major city pattern
33. Money available to cover the costs of marketing - operating the business - and profit.
Self-Leadership
gross profit
Different types of account classifications
organized presentation
34. Earned when buyers pay their bill within a stated period
ways to approach a prospect
written proposal
components of a sales proposal
cash discounts
35. It is important to uncover the ________________ and match them with the benefits of your product in the presentation
referent power
leapfrog pattern
cash discounts
needs of the prospect
36. The personal distance that individuals prefer to keep between themselves and other individuals and is an important element of nonverbal communication
trade discounts
Levels of sales goal
needs of the prospect
proxemics
37. Price after allowance for all discounts
Self-Leadership
sales dialogue
net price
Single-factor analysis
38. Discounts the customer receives for buying a certain amount of products over a stated period
Forestall
cumulative quantity discounts
leapfrog pattern
Levels of sales goal
39. A statement of how the sales offering will add value to the prospect's business by meeting a need or providing an opportunity.
Forestall
confirmed benefits
customer value proposition
Sequential Stages of Self-Leadership
40. 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
sequential Components of Effective Followup
Types of discounts
Different types of prices
41. 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
SPES sequence for presenting sales aids
list price
legitimate power
42. Power that results from characteristics that command subordinates' identification with - respect and admiration for - and desire to emulate the leader
referent power
gross profit
handling objections(LAARC)
Resolving Complaints
43. Price based on geographical location or zone of customers
zone price
needs of the prospect
FOB (free on board)
Portfolio Analysis
44. 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
different ways of earning commitment
zone price
Single-factor analysis
sales dialogue template
45. A quality or characteristic of a product or service that is designed to provide value to a buyer
features
Relationship Detractors
Determine Markup based on cost (% Markup based on cost)
different ways of earning commitment
46. Memorized selling: structured - need satisfaction selling: Unstructured - problem solution selling: customized - Formula Selling: Semi-structured
types of sales presentations
steps to resolving Complaints
needs of the prospect
cloverleaf pattern
47. The money remaining after the costs of marketing and operating the business are paid
net profit
trade discounts
Markup
types of sales presentations
48. Territory routing plan in which the salesperson works a different part of the territory and travels in a circular loop back to the starting point.(concentrated in clusters - in different locations)
cloverleaf pattern
components of a sales proposal
net profit
gross profit
49. Some training is required; customizable while being written but not delivered; may be percieved as more credible
Determine Markup based on cost (% Markup based on cost)
circular route pattern
consumer discount
written proposal
50. (amount added to cost/cost)
handling objections(LAARC)
referent power
Determine Markup based on cost (% Markup based on cost)
cash discounts