chapter 14: personal selling and sales promotion Flashcards

(65 cards)

1
Q

what is personal selling

A

personal presentations by the firm’s sales force

purpose of making sales and building customer relationship

includes salespersons

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2
Q

salespersons

A

covers a wide range of positions

order takers

order getters

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3
Q

order takers (salesperson positions)

A

salesperson at department store

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4
Q

order getters (salesperson position)

A

positions demand creative selling, social selling, and relationship building

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5
Q

what are the roles of the sales force

A

critical link between the company and customers

coordinate marketing and sales

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6
Q

Salesperson-owned loyalty

A

when customers are loyal to salespeople as well as to the companies and products they represent

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7
Q

what is sales force management?

A

analyzing, planning, implementing, and controlling sales force activities

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8
Q

what are the steps of managing the sales force?

A

STEP 1: Designing the Sales Force Strategy and Structure

STEP 2: Recruiting and Selecting Salespeople

STEP 3: Training Salespeople

STEP 4: Compensating Salespeople

STEP 5: Supervising and Motivating Salespeople

STEP 6: Evaluating Salespeople and Sales Force Performance

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9
Q

what are the critical components of STEP 1: Designing the Sales Force Strategy and Structure

A

Territorial sales force structure

Product sales force structure

Customer (or market) sales force structure

sales force size

workload approach

outside or inside sales force

team selling

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10
Q

Product sales force structure

A

a sales force organization in which salespeople specialize in selling only a portion of the company’s products or lines

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11
Q

Territorial sales force structure

A

a sales force organization that assigns each salesperson to an exclusive geographic territory

in there, that salesperson sells the company’s full line

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12
Q

Customer (or market) sales force structure

A

a sales force organization in which salespeople specialize in selling only to certain customers and industries

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13
Q

when should a company consider its salesforce size?

A

Once the company has set its structure

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14
Q

how can you consider the workload approach

A

grouping accounts into classes

taking notes on their size and the effort needed to keep them

this then determines how many salespeople are needed

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15
Q

outside sales force (field sales force)

A

salespeople who travel to call on customers in the field

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16
Q

inside sales force

A

salespeople who conduct business from their offices via telephone, online and social media interactions, or visits from prospective buyers

some inside salespeople provide support to outside salespeople

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17
Q

Team selling

A

using teams of people from sales, marketing, engineering, finance, technical support, and even upper management to service large, complex accounts

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18
Q

what are the skills that must be looked at when hiring for STEP 2: Recruiting and Selecting Salespeople?

A

Intrinsically motivated

Discipline work style

Relationship building Ability to

close a sale

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19
Q

what is the goal of STEP 3: Training Salespeople?

A

achieve understanding of company, product, customer, and marketing knowledge

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20
Q

how can you train your sales force?

A

Seminars

sales meetings

e-training form the basis of sales training programs

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21
Q

how can you compensate your salesforce in STEP 4: Compensating Salespeople?

A

Fixed amount: salary

Variable amount: commissions or bonuses

Expenses and fringe benefits

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22
Q

what are the two components of STEP 5: Supervising and Motivating Salespeople

A

employee supervision

employee motivation

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23
Q

what does supervision do to sales people

A

helps sales people “work smart” but doing the right things, the right way

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24
Q

how can you motivate sales people

A

organizational climate

sales quotas

positive incentives

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25
organizational climate
feelings people have about opportunities, values, and rewards
26
sales quotas
standards stating the amount they should sell & how sales should be divided among company products
27
how can you STEP 6: Evaluating Salespeople and Sales Force Performance?
Get feedback from regular sales, call and expense reports Give constructive feedback
28
will internet be the ultimate death of person-to-person selling?
nah boy
29
what are advantages of digital tools when helping the sales force?
allowing social networking saving time and costs
30
sales forces often use things like youtube and linked in, what are these called?
proprietary systems and public portals
31
what are the steps of the personal selling process?
STEP 1: Prospecting and Qualifying STEP 2: Preapproach STEP 3: Approach STEP 4: Presentation and Demonstration STEP 5: Handling Objections STEP 6: Closing STEP 7: Follow-up
32
how are the steps of the personal selling process oriented? what very important thing must you consider when doing the process?
These steps are transaction oriented you still have to build and maintain profitable customer relationships
33
what is prospecting? STEP 1: Prospecting and Qualifying
the sale step in which a salesperson or company identifies qualified potential customers
34
what can you use or do for prospecting?
Ask other customers for referrals ask noncompeting salespeople use the web and social media
35
what is qualifying? STEP 1: Prospecting and Qualifying
identify good customers and screen out the poor ones
36
explain the process of the STEP 2: Preapproach
the sales step in which a salesperson learns as much as possible about a prospective customer before making a sales call Set call objectives Determine best approach
37
what do you do when you set call objectives? STEP 2: Preapproach
qualify gather info make immediate sale
38
what are types of approaches you should consider? STEP 2: Preapproach
personal visit phone call email text tweet etc (non-crucial)
39
what is the STEP 3: Approach?
the sales step in which a salesperson meets the customer for the first time (in-person or online) first impressions matter here
40
what is an important thing you must do when meeting with the customer? STEP 3: Approach
Build goodwill (first impressions matter)
41
what must you do in STEP 4: Presentation and Demonstration?
1. Listen to customer needs 2. develop customer solutions 3. then present customer solutions
42
explain what is done in STEP 6: Closing?
Ask customer for an orde give date limits
43
what is the difference between an advertising offer and a sales promotion?
Whereas advertising offers reasons to buy a product or service, sales promotion offers reasons to buy it now
44
what are the types of promotions that are specific to certain targets?
consumer promotions trade promotions business promotions sales force promotions
45
who are promotion s targeted to?
Final buyers Retailers and wholesalers Business customers Members of the sales force
46
consumer promotions target whom? what is its objective?
Final buyers urge short-term sales enhance customer brand involvement
47
trade promotions target whom? what is its objective?
Retailers and wholesalers persuade retailers to: carry new items and more inventory buy ahead promote the firm's brand provide more shelf space
48
business promotions target whom? what is its objective?
Business customers generate business leads stimulate purchases motivate salespeople
49
sales force promotions target whom? what is its objective?
Members of the sales force gain more sales force support for current or new products getting salespeople to sign up new accounts
50
what are the major consumer promotion tools? | just name at least like half
samples coupons rebates price packs premiums advertising specialties/promotional products Point-Of-Purchase (POP) promotions contest, games sweepstakes event marketing
51
samples
trial amount of a product ex: such as a taste sample at the supermarket
52
coupons
certificates to save money such as those dispensed on store shelves There is an increasing use of digital coupons
53
rebates
price reduction after purchase, such as mail-in proof of purchase
54
price packs
offer discounts from regular price ex: “buy one, get one free”
55
premiums
extra goods offered for free with purchase ex: McDonal’s happy meal toys
56
Advertising specialties / Promotional products
articles imprinted with company names, such as t-shirts, hats, etc.
57
Point-Of-Purchase (POP) promotions
in-store displays, such as life-sized celebrity cardboard cut-outs
58
contest and games
entices people to play, ex: “Roll Up the Rim to Win”
59
sweepstakes
entices people to enter a draw, such as lotteries
60
event marketing
creation or involvement in events, such as concerts
61
what are crucial business promotion tools?
Conventions Trade shows Sales contests
62
what to trade promotions tools do?
Tools used to persuade resellers to: carry a brand give it shelf space promote it in advertising
63
true or false Many tools used for consumer promotions can also be used at trade promotions
true
64
true or false allowances and free goods can be both consumer promotional tools as well as trade promotional tools
true
65
what are considerations in developing the sales promotion program?
1. size of incentive 2. conditions of participations 3. promotion and distribution of programs 4. length of program 5. program evaluation