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Marketing Mngt 6

Vocabulary Terms Chpt 16

QuestionAnswer
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
Created by: trgresham
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