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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. Expert power - referent power - coercive power - reward power - legitimate power
Different types of account classifications
Sources of power
straight line route pattern
ways to approach a prospect
2. Intensity - Persistence - Direction
net price
benefits
The dimensions of motivation
zone price
3. 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)
Types of discounts
Portfolio Analysis
Forestall
circular route pattern
4. Power that results from characteristics that command subordinates' identification with - respect and admiration for - and desire to emulate the leader
components of a sales proposal
sales call
steps to resolving Complaints
referent power
5. 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
indirect denial
list price
components in the sales Dialogue Template
Importance of managing expectations
6. (amount added to cost/cost)
written proposal
cloverleaf pattern
expert power
Determine Markup based on cost (% Markup based on cost)
7. Sales presentation that includes scripted sales calls - memorized presentations - and automated presentations. little training is required; inflexible/not customizable; difficult to build trust
canned presentation
sequential Components of Effective Followup
proxemics
cash discounts
8. Executive summary - situation analysis - needs benefits analysis - company description - pricing and sales agreement - suggested action and timetable
Relationship enhancement activities
components of a sales proposal
FOB (free on board)
methods for handling resistance
9. Realistic - yet challenging - specific and quantifiable - Time specific
components of a sales proposal
list price
Characteristics of effective sales goals
coercive power
10. Discounts the customer receives for buying a certain amount of products over a stated period
cumulative quantity discounts
reward power
Sources of power
steps to resolving Complaints
11. Price based on geographical location or zone of customers
sales call
zone price
indirect denial
The human needs
12. It is important to uncover the ________________ and match them with the benefits of your product in the presentation
major city pattern
check back or response check
gross profit
needs of the prospect
13. Classification allows two factors to be considered simulataneously
Portfolio Analysis
customer value proposition
ADAPT
cloverleaf pattern
14. The added value or favorable features of the product or service the seller offers
components of a commitment
Determine Markup based on price (% markup on price)
benefits
coercive power
15. Earned when buyers pay their bill within a stated period
methods for handling resistance
cash discounts
organized presentation
Sources of power
16. Personal goals - sales call goals - account goals - territory goals
The dimensions of motivation
FOB destination
consumer discount
Levels of sales goal
17. Need - product or service features - company or source - price - time(stalling)
Different types of account classifications
ways to approach a prospect
different types of objections
Importance of managing expectations
18. Listen carefully and get the whole story - Ask the customer what s/he would like you to do - Negotiate an agreeable solution
Sources of power
steps to resolving Complaints
consumer discount
proxemics
19. 1) Gain agreement on solution 2) Take action; educate the customer 3) Follow through on all promises -- add value
The dimensions of motivation
methods for handling resistance
Markup
Resolving Complaints
20. Use the opinion or data from a third party source to help overcome the objection and reinforce the salesperson's points
Steps in the Selling Process
third party reinforcement
features
components of a sales proposal
21. 1. Setting Goals and Objectives tory Analysis and Account Classification 3. Development and Implementation of Strategies/Plans 4. Tapping Technology and Automation 5. Assessment and Evaluation
Characteristics of effective sales goals
Sequential Stages of Self-Leadership
steps to resolving Complaints
Portfolio Analysis
22. Questions salespeople use throughout a sales dialogue to generate feedback from the buyer
expert power
cash discounts
check back or response check
zone price
23. Money available to cover the costs of marketing - operating the business - and profit.
Sources of power
benefits
gross profit
relationship enhancers
24. Standard price charged to customers
non-cumulative quantity discounts
list price
steps to resolving complaints
net profit
25. 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)
Different types of account classifications
gross profit
Self-Leadership
leapfrog pattern
26. 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)
ways to approach a prospect
cloverleaf pattern
Resolving Complaints
straight line route pattern
27. The benefits the buyer indicates are important and represent value
gross profit
Types of discounts
sales call
confirmed benefits
28. The process of first deciding what is to be accomplished and then placing into motion the proper plan designed to achieve those objectives
straight line route pattern
Different types of prices
coercive power
Self-Leadership
29. Means the buyer pays transportation charges on the goods--- the title passes to the customer when the goods are loaded on the shipping vehicles
cash discounts
methods for handling resistance
FOB (free on board)
Characteristics of effective sales goals
30. Business conversations between buyers and sellers that occur as salespeople attempt to initiate - develop - and enhance customer relationships. Sales dialogue should be customer-focused and have a clear purpose.
sales dialogue template
Determine Markup based on cost (% Markup based on cost)
Importance of managing expectations
sales dialogue
31. Manufacturer reduces prices to channel members to compensate for services they perform
Sequential Stages of Self-Leadership
cloverleaf pattern
trade discounts
proxemics
32. 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
customer value proposition
components of a commitment
steps to resolving Complaints
33. The personal distance that individuals prefer to keep between themselves and other individuals and is an important element of nonverbal communication
proxemics
Different types of prices
Different types of account classifications
gross profit
34. The seller pays all shipping costs
Different types of prices
FOB destination
Self-Leadership
third party reinforcement
35. 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
steps to resolving Complaints
indirect denial
trade discounts
sequential Components of Effective Followup
36. Ask for the order/direct commitment -legitimate choice/alternative choice - summary commitment - t-account or balance sheet commitment - success story commitment
Sequential Stages of Self-Leadership
different ways of earning commitment
sales dialogue template
customer value proposition
37. A flexible planning tool that assists the salesperson in assembling pertinent information to be covered with the prospect.
sales dialogue template
cash discounts
Levels of sales goal
components of a sales proposal
38. Power that results from the authority to bestow rewards on other people
Self-Leadership
Characteristics of effective sales goals
reward power
Sequence of the Sales Presentation
39. Dollar amount added to the product cost to determine its selling price
Markup
Steps in the Selling Process
Types of discounts
indirect denial
40. A quality or characteristic of a product or service that is designed to provide value to a buyer
organized presentation
Levels of sales goal
features
mental steps in buying
41. One time reduction in prices commonly used in both consumer and industrial goods
non-cumulative quantity discounts
straight line route pattern
cumulative quantity discounts
types of sales presentations
42. Power that stems from the authority to punish or recommend punishment
consumer discount
methods for handling resistance
coercive power
sales dialogue
43. Focus on longterm - deliver more than promised - call regularly - add value - keep communications lines open - Take responsibility for Problems
Sources of power
customer value proposition
relationship enhancers
components of a commitment
44. Comprehensive communications that convey multiple points designed to persuade the customer to make a purchase.
Determine Markup based on cost (% Markup based on cost)
net price
sales presentations
Types of discounts
45. Failure to meet expectations results in dissatisfaction - meeting expectations results in satisfaction - exceeding expectations results in delight
check back or response check
zone price
Importance of managing expectations
Portfolio Analysis
46. 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
Single-factor analysis
Different types of account classifications
major city pattern
proxemics
47. Certainty - uncertainty - significance - connection and love - needs of spirit
compensation
The human needs
referent power
cash discounts
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)
Different types of Routing plans
non-cumulative quantity discounts
cloverleaf pattern
circular route pattern
49. Respond to the objection by telling the prospect s/he is wrong
non-cumulative quantity discounts
direct denial
components of a sales proposal
indirect denial
50. Providing useful information - Expediting orders and monitoring installation - Training customer personnel - Correcting billing errors - Remembering the customer after the sale - Resolving complaints
indirect denial
Determine Markup based on cost (% Markup based on cost)
customer value proposition
Relationship enhancement activities