Chapter 19 Flashcards

1
Q

Personal Selling

A

Paid personal communication that attempts to inform customers and persuade them to buy products in an exchange situation.

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2
Q

Prospecting

A

Developing a database of potential customers.

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3
Q

Approach

A

The manner in which a salesperson contacts a potential customer.

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4
Q

Closing

A

The stage in the personal selling process when the salesperson asks the prospect to buy the product.

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5
Q

Order Getter

A

A salesperson who sells to new customers and increases sales to current customers.

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6
Q

Order Takers

A

Salespeople who primarily seek repeat sales.

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7
Q

Support Personnel

A

Sales staff members who facilitate selling but usually are not involved solely with making sales.

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8
Q

Missionary Salespeople

A

Support salespeople, usually employed by a manufacturer, who assist the producer’s customers in selling to their own customers.

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9
Q

Trade Salespeople

A

Salespeople involved mainly in helping a producer’s customers promote a product.

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10
Q

Technical Salespeople

A

Support salespeople who give technical assistance to a firm’s current customers.

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11
Q

Team Selling

A

The use of a team of experts from all functional areas of a firm, led by a salesperson, to conduct the personal selling process.

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12
Q

Relationship Selling

A

The building of mutually beneficial long-term associations with a customer through regular communications over prolonged periods of time.

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13
Q

Recruiting

A

Developing a list of qualified applicants for sales positions.

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14
Q

Straight Salary Compensation Plan

A

Paying salespeople a specific amount per time period, regardless of selling efforts.

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15
Q

Straight Commission Compensation Plan

A

Paying salespeople according to the amount of their sales in a given time period.

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16
Q

Combination Compensation Plan

A

Paying salespeople a fixed salary plus a commission based on sales volume.

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17
Q

Sales Promotion

A

An activity and/or material intended to induce re sellers or salespeople to sell a product or consumers to buy it.

18
Q

Consumer Sales Promotion Methods

A

Sales promotion technique that encourage consumers to patronize specific stores or try particular products.

19
Q

Coupons

A

Written price reductions used to encourage consumers to buy a specific product.

20
Q

Cents-off Offer

A

A promotion that allows buyers to pay less than the regular price to encourage purchase.

21
Q

Money Refund

A

A sales promotion technique that offers consumers a specified amount of money when they mail in a proof of purchase, usually for multiple product purchases.

22
Q

Rebate

A

A sales promotion technique in which a consumer receives a specific amount of money for making a single product purchase.

23
Q

Point-Of-Purchase (POP) Materials

A

Signs, window displays, display racks, and similar devices used to attract customers.

24
Q

Demonstration

A

A sales promotion method a manufacturer uses temporarily to encourage trial use and purchase of a product or to show how a product works.

25
Q

Free Sample

A

A sample of a product given out to encourage trial and purchase.

26
Q

Premium

A

An item offered free or at a minimal cost as a bonus for purchasing a product.

27
Q

Consumer Contests

A

Sales promotion methods in which individuals compete for prizes based on their analytical or creative skills.

28
Q

Consumer Games

A

Sales promotion methods in which individuals compete for prizes based primarily on chance.

29
Q

Consumer Sweepstakes

A

A sales promotion in which entrants submit their names for inclusion in a drawing for prizes.

30
Q

Trade Sales Promotion Methods

A

Methods intended to persuade wholesalers and retailers to carry a producer’s products and market them aggressively.

31
Q

Buying Allowance

A

A temporary price reduction to resellers for purchasing specified quantities of a product.

32
Q

Buy-Back Allowance

A

A sum of money given to a reseller for each unit bought after an initial promotion deal is over.

33
Q

Scan-Back Allowance

A

A manufacturer’s reward to retailers based on the number of prices scanned.

34
Q

Merchandise Allowance

A

A manufacturer’s agreement to pay resellers certain amounts of money for providing special promotional efforts, such as setting up and maintaining a display.

35
Q

Cooperative Advertising

A

An arrangement in which a manufacturer agrees to pay a certain amount of a retailer’s media costs for advertising the manufacturer’s products.

36
Q

Dealer Listing

A

An advertisement that promotes a product and identifies the names of participating retailers that sell the product.

37
Q

Free Merchandise

A

A manufacturer’s reward given to resellers that purchase a state quantity of products.

38
Q

Dealer Loader

A

A gift, often part of a display, given to a retailer that purchases a specified quantity of merchandise.

39
Q

Premium Money (Push Money)

A

Extra compensation to salespeople for pushing a line of goods.

40
Q

Sales Contest

A

A sales promotion method used to motivate distributors, retailers, and sales personnel through recognition of outstanding achievements.