Chapter 21 Flashcards
Two-way flow of communication between a buyer and seller, often face-to-face encounter, designed to influence purchase decision
Personal Selling
Consists of planning the selling program and implementing and evaluating the personal selling effort of the firm.
Sales Management
Practice of building ties to customers based on a salespersons attention an commitment to customer needs over time.
Relationship Selling
Practice where buyers and sellers combine resources to create customized solutions, planning, share customer, competitive, and company information for benefit. (Enterprise Selling)
Partnership Selling
Processes routine orders or reorders for products that were already sold by the company.
Order Taker
Sells in a conventional sense and identifies prospective customers, provides information, persuades, closes sales, follows up customers use of product.
Order Getter
Team of professionals who sell and service
Team Selling
Format that assumes that given the appropriate stimulus by a salesperson, the prospect will buy
Stimulus-Responce Presentation
Format that consists of information that must provide in an accurate, thorough, and step-by-step manner to inform
Formula Selling Presentation
Format that emphasizes probing and listening by the salesperson to identify needs and interest of prospect buyers
Need-Satisfaction Presentation
Need satisfaction presentation format that adjusts presentation to fit the selling situation.
Adaptive Selling
Need satisfaction presentation format that focuses on problem identification, salesperson serves as an expert on problem
Consulting Selling
Describes what needs to be achieved
Sales Plan
Specify whom salespeople should contact, what kinds of selling and customer service activities
Account Management Policies
Ability to understand one’s own emotions and those of the people who the interact with
Emotional Intelligence
Process of providing sales organization with information, and tools that help salespeople.
Sales Enablement
Specific goals assigned to a salesperson for a stated time period
Sales Quota
Use of computer, information, communication, and internet technologies for efficiency.
Salesforce Automation (SFA)
How do Consumers See Sales People
Sales people are the company in a consumers eyes
Lead
Prospect
Qualified Prospect
Types of Prospects
Stages in Personal Selling Process
Prospecting
Preaproach
Approach
Presentation
Close
Follow-Up
Search for and Qualify Prospects
- Prospecting
Gather Information and Decide how to Approach the Prospect
- Preapproach
Gain a Prospects Attention, Stimulate interest, and Make Transition to Presentation
- Approach
Begin Converting Prospect into a Customer by Creating a Desire for the Product or Service
- Presentation
Obtain a Purchase Commitment From the Prospect and Create a Customer
- Close
Ensure that the Customer is Satisfied with the Product or Service
- Follow-Up
How Can you Organize The Sales Force
Geography
Customer
Product