Module 4 Flashcards
What is sales territory
It refers to the number of presents and potential of customers in a certain geographical area assigned for a specific salesperson
What are the benefits of sales territory
1 Ensures proper market coverage
2 equalization in workload
3 Increases salesperson morale
4 improves customer relations
5 Reduces selling costs
6 Effectiveness in control and evaluation in sales force
7 improves conflicts and disputes
Steps of the design of the sales territory
Step 1 Select a geographical control unit
Step 2 determines the salesperson workload
Step 3 determines the sales potential in each sales control unit
Step 4 Determine the basic sales territory
Step 5: Assign the suitable salesperson
what is quotas/targerts
quotas refer to the devices for directing and controlling sales operations
what are the 4 objectives of quotas
1 Provide quantitative performance standards
2 to obtain tighter sales and expenses control
3 to motivate desired performance
4 to use connection sales contests/competitors
types of sales volums quotas
1 sales volume in currency value
2 units in sales volume
3 points sales volume
what are the 4 types of quotas
1 sales volume quotas
2 budget quotas
3 activity quotas
4 combination and point systems
methods used in setting sales volume quotas
1 sales volume drived from territorial sales potential
2 sales voume quotas derived from total markets estimate
3 sales voume quotas based on past sales experience
4 sales volume quotas based on executive judgment alone