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Marketing Mngt 6
Vocabulary Terms Chpt 16
Question | Answer |
---|---|
Personal presentation by the firm's sales force for the purpose of making sales and building customer relationships | Personal selling |
An individual representation a company to customers by performing one or more of the following activities: prospecting, communicating, selling, servicing, information gathering, and relationship building. | Salesperson |
The analysis, planning, implementation, and control of sales force activities. It includes designing sales force strategy and structure and recruiting, selecting, training, supervising, compensating, and evaluating the firm's salespeople. | Sales force management |
A sales force organization that assigns each salesperson to an exclusive geographic territory in which that salesperson sells the companies full line. | Territorial sales force structure |
A sales force organization under which salespeople specialize in selling only a portion of the company's products or lines. | Product sales force structure |
A sales force organization under which salespeople specialize in selling only to certain customers or industries. | Customer sales force structure |
Outside salespeople who travel to call on customers in the field | Outside sales force |
Inside salesperson who conduct business from their own offices via telephone, the internet, or visits from prospective buyers. | Inside sales force |
Using teams of people from sales, marketing, engineering, finance, technical support, and even upper management to service large, complex accounts. | Team selling |
A standard that states the amount a salesperson should sell and how sales should be divided among the companies products | Sales quota |
The steps that the salesperson follows when selling, which include prospecting and qualifying, preapproach, approach, presentation and demonstration, handling objections, closing, and follow- up | Selling process |
The step in the selling process in which the salesperson or company identifies qualified potential customers | Prospecting |
The step in the selling process in which the salesperson learns as much as possible about a prospective customer before making a sales call | Preapproach |
The step in the selling process in which the salesperson meets the customer for the first time. | Approach |
The step in the selling process in which the salesperson tell the "value story" to the buyer, showing how the company's offer solves the customer's problems. | Presentation |
The step in the selling process in which the sales person seeks out, clarifies, and overcomes customer objections to buying | Handling objections |
The step in the selling process in which the salesperson asks the person for an order. | closing |
The last step in the selling process in which the salesperson follows up after the sale to ensure customer satisfaction and repeat business. | Follow-up |
Sort term incentives to encourage the purchase or sale of a product or sale of a product or service | Sales promotion |
Sales promotion tools used to boost short-term customer buying and involvement or to enhance long-term customer relationships | Consumer promotion |
Creating a brand marketing event or serving as a sole or participating sponsor of events created by others | Event marketing |
Sales promotion tools used to persuade resellers to carry a brand, give it shelf space, promote it in advertising, and push it to consumers | Trade promotions |
Sales promotion tools used to generate business leads, stimulate purchases, reward customers, and motivate salespeople. | Business promotions |