Personal Selling Test 2 (Chapter 9-17)
_____ help(s) you uncover ad clarify the pain, implications, and circumstances surrounding the customer's buying problem. Question content area bottom Part 1 A. Probing questions B. Closed questions C. Confirmation questions D. Open questions E. Need satisfaction
A. Probing questions
________ data is the information seen in most CRM systems and might include customer contact information, past purchase and product information, volume, influencers in the buying decision, preferred communication method, and much more. Question content area bottom Part 1 A. Sales B. Marketing C. Financial D. Project management E. Manufacturing
A. Sales
Team sales presentations require ________. Question content area bottom Part 1 A. a more detailed precall plan than individual sales calls B. coordinating the varied schedules of the sales team C. handling all the varied personality types on the sales team D. PowerPoint presentations and handouts E. getting the most dynamic presenters on the sales team
A. a more detailed precall plan than individual sales calls
To effectively and efficiently manage the prospect or account base, sales managers and salespeople often conduct a(n) ________ analysis. Question content area bottom Part 1 A. account B. financial C. past sales D. product technical E. market
A. account
The qualifications that must be available or fulfilled before the sale can be closed are called _____conditions. Question content area bottom Part 1 A. buying B. market C. purchase D. economic E. sales
A. buying
Some organizations link the qualifying process with the need discovery step in the ________ process. Question content area bottom Part 1 A. consultative sales B. research and development C. retail sales D. overall sales planning and approach E. transactional sales
A. consultative sales
Research has shown that high-performance sales personnel have learned how to ________. Question content area bottom Part 1 A. diagnose and solve problems better than their competitors B. present their sales presentations better than their competitors C. do better background research than their competitors D. perform pricing analysis better than their competitors E. respond appropriately with the right product offerings
A. diagnose and solve problems better than their competitors
Servicing the sale is a major way to create value, ensure maximum satisfaction, and long-term relationships. Critical servicing-the-sale activities include ________. Question content area bottom Part 1 A. expansion selling, making credit arrangements, following through on assurances and promises, and dealing effectively with complaints B. expansion selling, dealing with complaints, and securing signed contracts C. assurances that contract obligations have been met D. furnishing customer satisfaction surveys to the client E. expansion selling and making credit arrangements
A. expansion selling, making credit arrangements, following through on assurances and promises, and dealing effectively with complaints
Portfolio models are MOST effective where salespeople understand ________. Question content area bottom Part 1 A. individual customer needs and where relationship strength is important to sales success B. what pricing structure the individual customer needs C. the overall buying and decision-making process of the customer D. individual customer needs E. that relationships are the most important element in sales success
A. individual customer needs and where relationship strength is important to sales success
According to research by Neil Rackham, the________ has the most impact on the buyer's decision to purchase a product. Question content area bottom Part 1 A. investigative or need discovery stage B. pricing and contracting stage C. product specification stage D. product configuration or product solution stage E. personal relationship with the salesperson
A. investigative or need discovery stage
According to one sales expert, Gerhard Gschwandtner, publisher of Selling Power, the salesperson's job is ________. Question content area bottom Part 1 A. not to make sales, but create customers B. to make sales and keep revenues as high as possible C. to just make sales D. to make sales, but not worry about customer retention E. to make sales, but not worry about customer satisfaction
A. not to make sales, but create customers
The qualifying process is also the first opportunity to consider ________. Question content area bottom Part 1 A. prospect needs and how they match with your product characteristics B. the financial potential of an account C. product specifications D. whether they are appropriate strategic partners E. whether the prospect is ready to "buy now"
A. prospect needs and how they match with your product characteristics
One of the MOST important keys to success in personal selling is the ability to ________. Question content area bottom Part 1 A. qualify leads B. close deals C. cold call D. network E. achieve sales goals
A. qualify leads
The second part of the consultative sales process consists of selecting or configuring a solution that ________. Question content area bottom Part 1 A. satisfies the prospect's buying motives B. satisfies your sales goals and objectives C. meets product specifications D. satisfies a global product or technology need E. meets market needs
A. satisfies the prospect's buying motives
The greatest time investment in personal selling is ________. Question content area bottom Part 1 A. the front-end of the sales process B. the planning of the sales presentation C. setting up the product delivery and after-the-sale service requirements D. in planning the product configuration and requirements E. the contracting process
A. the front-end of the sales process
There many types of prospecting approaches; however, most successful salespeople are using ________ for prospecting and account development. Question content area bottom Part 1 A. networking and social media sites B. a combination of approaches C. a few select and proven approaches D. trade advertising leads E. tradeshow and trade advertising leads
B. a combination of approaches
Need discovery is sometimes called ________. Question content area bottom Part 1 A. a sales opportunity analysis or sales opportunity assessment B. a needs analysis or needs assessment C. market opportunity analysis or market opportunity assessment D. the solution process model E. the need solution process model
B. a needs analysis or needs assessment
A high-quality and professional approach is a powerful way to ________. Question content area bottom Part 1 A. start the sales presentation planning process B. add value and differentiate yourself from your competitors C. have the opportunity to demonstrate the value of your products D. begin the customer relationship E. make contact and prepare for next steps
B. add value and differentiate yourself from your competitors
Adaptive selling involves ________ to improve communication with the customer. Question content area bottom Part 1 A. altering certain corporate policies and procedures B. altering sales behaviors C. adapting to the customer's proposal and contracting policies D. adapting to the customer's corporate culture E. adapting to the customer's policies and procedures
B. altering sales behaviors
Regarding the specific use of questions, research results revealed that the highest performing salespeople used questions to ________. Question content area bottom Part 1 A. guide the direction of the sales call and to just prepare for the sales presentation B. build clear, complete, mutual understanding; guide the direction of the sales call; and used questioning strategy to facilitate an open exchange of information C. build clear, complete, mutual understanding; and close the sale D. build clear, complete, mutual understanding, and create a sales proposal E. obtain product specifications
B. build clear, complete, mutual understanding; guide the direction of the sales call; and used questioning strategy to facilitate an open exchange of information
The key advantages of a sales team include ________. Question content area bottom Part 1 A. finding sales opportunities for the individual salesperson and solving problems B. discovering problems, solutions, and sales opportunities than an individual salesperson could discover working alone C. discovering more problems and sales opportunities D. finding more sales opportunities at tradeshows and following up on them E. that they can discover more problems and offer more solutions
B. discovering problems, solutions, and sales opportunities than an individual salesperson could discover working alone
The first step in the preapproach process is ________. Question content area bottom Part 1 A. developing a presale presentation plan B. preparing presale objectives and developing a presale presentation plan C. preparing presale objectives D. preparing a customer needs assessment and revenue goal E. preparing a customer product needs assessment
B. preparing presale objectives and developing a presale presentation plan
Question content area top Part 1 Active listening is ________, both in terms of content and meaning. Question content area bottom Part 1 A. making assumptions about what the prospect meant B. sending back to the prospect what you as a listener think the prospect meant C. sending back what the prospect said about product specifications D. sending back to the prospect what you heard about the prospect's pricing requirements E. listening for key closing signals and agreement
B. sending back to the prospect what you as a listener think the prospect meant
The business contact involves converting the prospect's attention from the social contact to ________. Question content area bottom Part 1 A. a discussion about delivery and after-the-sale service B. the sales presentation C. a pricing discussion D. the product presentation E. a product requirements discussion
B. the sales presentation
A major goal of ________ is to make a good first impression, build rapport, and establish credibility. Question content area bottom Part 1 A. a presentation at a trade conference B. the social contact C. responding to a Request for Proposal D. a lunch appointment E. the sales presentation
B. the social contact
Salespeople skilled in adaptive selling consider how ________ may enhance the sales presentation. Question content area bottom Part 1 A. the team, the product, and customer strategies B. the relationship, product, and customer strategies C. the product, product price, and customer strategies D. the team, the product, and presentation strategy E. the relationship, the team, and presentation strategy
B. the relationship, product, and customer strategies
When you build _____ into your sales process, you increase the odds that the customer will give you a referral. Question content area bottom Part 1 A. fast shipping B. value C. new products D. extra promotion funds E. a price discount
B. value
________ leads result in higher close rates, larger sales, and shorter sales cycles. Question content area bottom Part 1 A. Trade advertising B. Tradeshow C. Referral D. Social media E. Website
C. Referral
A(n) _____ is something you want from the customer during the sales presentation. Question content area bottom Part 1 A. research commitment B. communication plan C. action objective D. marketing plan E. needs assessment
C. action objective
Product-oriented selling is usually ________. Question content area bottom Part 1 A. superior to the consultative sales process B. as effective as the consultative sales process C. inefficient and ineffective D. efficient and effective E. performed best by a large sales team
C. inefficient and ineffective
When collaborating with a potential customer on potential solutions, the salesperson should ________. Question content area bottom Part 1 A. match a list of generalized benefits with buying motives B. present solutions that are not precisely tailored to the customer's needs C. match specific benefits with specific buying motives D. match specific benefits with general buying motives E. present solutions that might not be relevant, but useful in the future
C. match specific benefits with specific buying motives
The process of selecting the right solution is called ________. Question content area bottom Part 1 A. solution selling B. product development C. product configuration D. product solution planning E. the solution-buying motive process
C. product configuration
The goal of prospecting is to build a qualified prospect base made up of ________. Question content area bottom Part 1 A. tradeshow leads B. tradeshow leads and referrals C. prospects and customers D. past customers E. prospects
C. prospects and customers
The type of information that goes beyond sales data such as insights into the prospect's marketplace, the firm, the competitors, and even the prospects themselves is called ________. Question content area bottom Part 1 A. marketing research B. corporate research C. sales intelligence D. quantitative research intelligence E. qualitative research intelligence
C. sales intelligence
Objectives of the first prescription include ________. Question content area bottom Part 1 A. complete product requirements documents and establish the presentation strategy B. understand needs and product requirements C. understand needs and build or establish the relationship D. establish the relationship and understand product requirements E. establish the presentation strategy and establish the relationship
C. understand needs and build or establish the relationship
Some of the most common approaches to arouse prospect interest in the presentation include ________. Question content area bottom Part 1 A. agenda, product demo, customer benefit, question, quotation, customer service, and premium B. agenda, product demo, referral, delivery options, price, customer benefit, and premium C. agenda, product demo, referral, customer benefit, question, survey, and premium D. product demo, referral, customer benefit, price, customer service, and premium E. agenda, product demo, referral, customer benefit, price, product requirements, and question
C. agenda, product demo, referral, customer benefit, question, survey, and premium
The sales process (or sales funnel) model includes the following steps: ________. Question content area bottom Part 1 A. prospect, needs analysis, presentation, negotiations, and closed B. qualify, needs analysis, presentation, negotiations, and closed C. prospect, qualified, needs analysis, presentation, negotiations, and closed/service D. prospect, needs analysis, presentation, negotiations, and closed/service E. prospect, qualify, presentation, negotiations, and closed/service
C. prospect, qualified, needs analysis, presentation, negotiations, and closed/service
The need to develop new customers is extremely important. Some studies estimate that the average company loses ________ percent of its customers every year. Question content area bottom Part 1 A. 45 B. 25-35 C. 10-15 D. 15-20 E. 25-40
D. 15-20
Prior to developing the presentation plan, the salesperson must answer one very important question: ________. Question content area bottom Part 1 A. Can manufacturing deliver on the product requirements? B. Have I correctly determined the customer's needs? C. Does my company's products meet the customer's requirements? D. Do these activities relate to the customer's buying process? E. Are both the sales team and customer service prepared to provide after-the-sale service?
D. Do these activities relate to the customer's buying process?
Establishment of objectives for the sales presentation and preparation of the presentation plan must be guided by ________. Question content area bottom Part 1 A. a strong desire to make sure sales goals are achieved B. the desire to deliver on the promises made in the sales presentation C. assuring that pricing meets customer specifications D. a strong desire to provide outstanding customer service E. assuring that the product matches customer specifications
D. a strong desire to provide outstanding customer service
Selling to the "gatekeeper" means ________. Question content area bottom Part 1 A. aligning yourself with the person who issues Request for Proposals B. aligning yourself with the person who schedules the chief financial officer's appointments C. getting the opportunity to present to the senior-level management team D. aligning yourself with the person who schedules the decision maker's appointments E. getting through security into corporate headquarters
D. aligning yourself with the person who schedules the decision maker's appointments
Team members should be given ________. Question content area bottom Part 1 A. assigned tasks such as creating PowerPoints, handouts, or sales quotations B. detailed information about the customer, assigned tasks, and add value C. detailed information about the customer and understand the basics of consultative presentations D. detailed information about the customer, understand the basics of consultative presentations, and be prepared to add value E. detailed customer information and be prepared to add value
D. detailed information about the customer, understand the basics of consultative presentations, and be prepared to add value
The ability to conduct sophisticated data analysis and modeling on prospects is called ________. Question content area bottom Part 1 A. marketing analytics B. sales analytics C. sales data modeling D. pipeline analytics E. data analytics
D. pipeline analytics
The third part of the need-satisfaction model is informing, persuading, or reminding. During this process, the salesperson ________. Question content area bottom Part 1 A. prepares a contract B. places more emphasis on questions and less on value-adding statements C. asks for the order D. places less emphasis on questions and more on value-adding statements E. reminds the prospect of the competitor's inability to meet product requirements
D. places less emphasis on questions and more on value-adding statements
Two popular models salespeople use for performing account analysis and what sales strategies to use are the ________. Question content area bottom Part 1 A. portfolio model and the sales analytics model B. sales strategy model and the portfolio model C. market analysis model and the sales analytics model D. portfolio model and the sales process model E. individual account analysis and the sales potential method
D. portfolio model and the sales process model
Analysis of your ________ can help identify, locate, and profile your prospects. Question content area bottom Part 1 A. product and marketing B. current customers and strategic plan C. strategic plan D. product and current customers E. marketing plan
D. product and current customers
The pace, scope, and time allocated to need discovery might depend on a variety of factors, but there are generally several major factors. The major factors include ________. Question content area bottom Part 1 A. product sophistication, price, customer's contracting requirements, and time available for discussion between salesperson and prospect B. product sophistication, manufacturing requirements, and time available for discussion between salesperson and prospect C. price, customer's product knowledge, and time available for discussion between salesperson and prospect D. product sophistication, price, customer's product knowledge, and time available for discussion between salesperson and prospect E. product sophistication, price, engineering design deadlines, and time available for discussion between salesperson and prospect
D. product sophistication, price, customer's product knowledge, and time available for discussion between salesperson and prospect
During need discovery, the effective use of ________ to achieve need identification and need satisfaction is one of the greatest challenges facing most professional salespersons. Question content area bottom Part 1 A. a customer's prior purchase data B. competitive analyses C. the customer relationship management system D. questions E. market data
D. questions
When it comes to collecting and organizing prospect and account information, salespeople have a large variety of computer systems available. These are known as ________. Question content area bottom Part 1 A. spreadsheets B. customer sales data systems C. prospect contact databases D. sales force automation systems, or customer relationship management systems (CRMs) E. project management systems
D. sales force automation systems, or customer relationship management systems (CRMs)
Identifying and developing potential customers is an important aspect of ________. Question content area bottom Part 1 A. attaining a sales goal B. attaining strategic objectives C. creating a large pipeline D. the customer strategy E. the sales strategy
D. the customer strategy
Several of the most common causes of customer attrition include the following: ________. Question content area bottom Part 1 A. the purchase was a one-time need, product dissatisfaction, and customer moves or is acquired B. the customer moves or is acquired, customer is unhappy with the after-the-sale services, and a loyal buyer goes to new company or leaves C. the purchase was a one-time need, customer has issues with the sales team, and customer moves or is acquired D. the purchase was a one-time need, customer moves or is acquired, and a loyal buyer goes to new company or leaves E. product dissatisfaction, dissatisfaction with after-the-sale service, and the customer moves or is acquired
D. the purchase was a one-time need, customer moves or is acquired, and a loyal buyer goes to new company or leaves
Bringing new insights to customers regarding ________ creates value for them. Question content area bottom Part 1 A. the competitor's products and services B. your pricing and contracting structure C. information about your delivery and distribution options D. their buying problem and enhanced solutions E. the advantages of your products or services
D. their buying problem and enhanced solutions
The six main parts of the presentation plan include ________. Question content area bottom Part 1 A. approach, need discovery, rehearse, presentation, close, and servicing the sale B. preapproach, approach, need discovery, presentation, negotiation, and close C. approach, need discovery, presentation, pricing, contract, and close D. approach, need discovery, presentation, negotiation, close, and servicing the sale E. preapproach, approach, need discovery, presentation, pricing, and close
D. approach, need discovery, presentation, negotiation, close, and servicing the sale
The social contact helps build rapport. Building rapport should lead to ________. Question content area bottom Part 1 A. the customer's openness to a sales presentation B. establishing product expertise C. increased sales and repeat business D. credibility, which builds trust E. willingness by the customer to spend more
D. credibility, which builds trust
_____ is/are a source of information about potential customers for new salespeople. Question content area bottom Part 1 A. Social media B. Census data C. Market research D. Acquired data E. Friends and family
E. Friends and family
________ management is the process of managing all the prospects in the salesperson's sales funnel. Question content area bottom Part 1 A. Strategic account B. Customer C. Sales D. Account E. Pipeline
E. Pipeline
________ is the process of identifying prospects who have a need for your product and should be contacted. Question content area bottom Part 1 A. Trade advertising lead generation B. E-mail marketing C. Cold calling D. Networking E. Qualifying
E. Qualifying
________ includes thoughts, feelings, and behavioral patterns that conspire to limit what a salesperson is able to accomplish. Question content area bottom Part 1 A. Presentation fright B. Writer's block C. Failure to obtain sales goals D. Networking discomfort E. Sales call reluctance
E. Sales call reluctance
In order to create a customized presale presentation, salespeople need to ________. Question content area bottom Part 1 A. make sure senior management signs off on the preapproach tactics B. rehearse their presentation C. think about appropriate products that will be a fit for the client D. enlist the help of their senior sales management E. collect background information
E. collect background information
Solution selection is an important function of the salesperson. Salespeople who have the ability to ________ achieve the status of trusted advisor. Question content area bottom Part 1 A. create an attractive pricing and contracting package B. make promises concerning after-the-service sale C. offer expedited delivery options D. make a compelling sales presentation E. conduct a value-added needs analysis
E. conduct a value-added needs analysis
The _____ approach is also referred to as the elevator speech. Question content area bottom Part 1 A. agenda B. product demonstration C. question D. referral E. customer benefit
E. customer benefit
Question content area top Part 1 The sales environment is changing. In competitive markets, success increasingly hinges on ________. Question content area bottom Part 1 A. being able to meet the price demands of a customer B. being responsive to customer requests C. being able to replenish inventory just in time D. developing a large pipeline E. developing mutually rewarding customer relationships
E. developing mutually rewarding customer relationships
Question content area top Part 1 The second prescription discusses the need for a carefully prepared presentation plan that includes ________. Question content area bottom Part 1 A. ensuring that sales goals and objectives are met B. ensuring that the presentation is error-free and reflects the customer's needs C. making sure salespeople can close the sale D. ensuring that the company will make a profit E. ensuring that all salespeople are well organized and prepared to achieve objectives
E. ensuring that all salespeople are well organized and prepared to achieve objectives
The three prescriptions of a presentation strategy are ________. Question content area bottom Part 1 A. double-check with your sales manager on objectives, develop a presale presentation plan to meet the objectives, and have inside sales team review B. establish objectives, develop a presale presentation plan to meet the objectives, and have the inside sales team review and approve C. establish objectives, develop a presale presentation plan to meet the objectives, and have each team member review and approve D. establish objectives, develop a presale presentation plan to meet the objectives, and rehearse the presentation E. establish objectives, develop a presale presentation plan to meet the objectives, and renew everyone's commitment to provide outstanding customer service
E. establish objectives, develop a presale presentation plan to meet the objectives, and renew everyone's commitment to provide outstanding customer service
If the approach is successful, the salesperson will be ________. Question content area bottom Part 1 A. considered as a vendor B. able to secure an appointment C. given the opportunity to give a quotation to Purchasing D. invited to submit suggestions to fulfill the customer's needs E. given the opportunity to make a sales presentation
E. given the opportunity to make a sales presentation
Information that turns prospects and accounts into long-term customers includes ________. Question content area bottom Part 1 A. knowing about their name and title, their competitors, and their market B. knowing about their products, services, and competitors C. knowing about their budget, products, and competitors D. knowing their name and title and their competitors E. knowing more about the customer than just name and title; knowing about the prospect's company and marketplace; and knowing how you bring value-adds to them
E. knowing more about the customer than just name and title; knowing about the prospect's company and marketplace; and knowing how you bring value-adds to them
In need discovery you assume that the client's problem is not _____. Question content area bottom Part 1 A. about you B. relevant C. understandable D. solvable E. known
E. known
The starting point for need discovery is developing a________. Question content area bottom Part 1 A. sales plan presentation B. customer focus attitude C. cooperative attitude D. customer relationship E. listening attitude
E. listening attitude
The second step in the preapproach process is ________. Question content area bottom Part 1 A. getting the prospect's attention by performing a needs assessment B. making a first appointment and transitioning to need identification C. making a favorable first impression by getting the prospect's attention D. making a first appointment for a needs assessment E. making a favorable first impression, getting the prospect's attention, and transitioning to need identification
E. making a favorable first impression, getting the prospect's attention, and transitioning to need identification
The four-part need-satisfaction model includes ________. Question content area bottom Part 1 A. need agreement, solution selection, contracting agreement, and servicing the sale B. need discovery, solution options, need satisfaction, and servicing the sale C. need discovery, solution options, satisfaction exploration, and servicing the sale D. need exploration, solution selection, need satisfaction, and servicing the sale E. need discovery, solution selection, need satisfaction, and servicing the sale
E. need discovery, solution selection, need satisfaction, and servicing the sale
Question content area top Part 1 The presentation strategy adds value by making sure the ________. Question content area bottom Part 1 A. after-the-service sale requirements are achievable B. customer's product specification are met C. salesperson's company makes a profit D. customer's price objectives are met E. presentation is customized and adapted to meet the needs and time constraints of the prospect
E. presentation is customized and adapted to meet the needs and time constraints of the prospect
The basic lead qualifying criteria includes ________. Question content area bottom Part 1 A. financially able to buy, willing to buy, and authority to buy B. prospect need, financially unable to buy, and willing to buy C. prospect need, authority to issue an RFP, and ability to "buy now" D. prospect need, authority to approve purchase order, and ability to "buy now" E. prospect need, authority to buy, financial resources to buy, and willingness to buy
E. prospect need, authority to buy, financial resources to buy, and willingness to buy
Use ________ to control the flow of information and draw out the customer. Question content area bottom Part 1 A. questions about the prospect's personal life B. product demonstrations C. thought-provoking comments D. graphs and charts E. silence
E. silence
Salespeople use the consultative sales presentation because ________. Question content area bottom Part 1 A. it results in increased customer satisfaction B. it results in higher sales volume and repeat business C. it results in more closed sales D. it results in more repeat and referred business E. this customer-focused selling model results in increased customer satisfaction, more closed sales, and more repeat and referred business
E. this customer-focused selling model results in increased customer satisfaction, more closed sales, and more repeat and referred business
Consultative selling is a very customer-centric form of selling that creates ________. Question content area bottom Part 1 A. value for the sales team only B. product-oriented efficiencies C. a one-of-a-kind sale D. larger margin sales E. value for the customer and the firm
E. value for the customer and the firm