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IBM has 30 information technology hardware and software specialists, business consultants, and engineers working at Charles Schwab, a large brokerage firm, all under the direction of a senior IBM sales executive. They are creating and managing a complex financial planning system that helps Schwab clients with their retirement planning. This is an example of


A) transactional selling.
B) partnership selling.
C) strategic alliance selling.
D) creative selling.
E) synergistic selling.

F) C) and D)
G) A) and B)

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In many societies outside the United States, considerable time is devoted to nonbusiness talk designed to establish a rapport between buyers and sellers. This occurs during the __________ stage of the personal selling process.


A) close
B) approach
C) preapproach
D) presentation
E) prospecting

F) A) and D)
G) C) and D)

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In a __________, the salesperson tries one appeal after another, hoping to "hit the right button."


A) formula selling presentation
B) persuasive sales presentation
C) stimulus-satisfaction presentation
D) stimulus-response presentation
E) stimulus-selling presentation

F) B) and E)
G) A) and B)

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The preapproach stage of the personal selling process is especially important in


A) international sales.
B) government sales.
C) high technology product sales.
D) high-ticket item sales.
E) the sale of services.

F) A) and E)
G) B) and D)

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The __________ is a common formula-based approach for determining the size of a salesforce.


A) sales response function
B) account management framework
C) workhorse method
D) salesforce allocation method
E) workload method

F) All of the above
G) A) and E)

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A selling format that assumes that given the appropriate prompts by a salesperson, the prospect will buy is referred to as a


A) formula selling presentation.
B) stimulus-response presentation.
C) stimulus-satisfaction presentation.
D) stimulus-selling presentation.
E) persuasive sales presentation.

F) A) and B)
G) A) and C)

Correct Answer

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The sales process at Xerox typically follows the six stages of the personal selling process. During the fourth stage, as the presentation begins, the salesperson


A) explains why competitor's products are inferior.
B) summarizes relevant information about potential solutions.
C) requests a meeting with the company gatekeeper.
D) requests a meeting with the official buyer to determine the possibility of a sale.
E) gets a signed document or confirmation of the sale.

F) All of the above
G) A) and D)

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The primary way in which relationship selling creates customer value is by


A) assigning a single sales representative to a single customer.
B) maintaining a long-term relationship of trust and respect.
C) guaranteeing fair and equitable prices for each client regardless of the size of the purchase.
D) providing cumulative discounts based on customer loyalty and the length of the customer relationship.
E) guaranteeing fair and equitable sales practices for each customer regardless of the frequency of the purchase.

F) D) and E)
G) A) and E)

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About __________ percent of U.S. companies now include customer satisfaction as a behavioral measure of salesperson performance.


A) 30
B) 40
C) 50
D) 60
E) 70

F) C) and D)
G) None of the above

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A job description is a written document that describes job relationships and requirements that characterize each sales position. Once established, the job description is then translated into a


A) statement of job credentials.
B) statement of emotional intelligence.
C) statement of job qualifications.
D) statement of job requirements.
E) statement of job education.

F) A) and C)
G) C) and D)

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The practice of using a group of professionals in selling to and servicing major customers is referred to as


A) cooperative selling.
B) missionary sales.
C) sales engineering.
D) team selling.
E) partnership selling.

F) A) and D)
G) B) and E)

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List the four things that research suggests will produce a motivated salesperson.

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A sales plan cannot be successfully impl...

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About 60 percent of U.S. companies now include customer satisfaction as a(n) __________ measure of salesperson performance.


A) demonstrative
B) sensitive
C) cognitive
D) emotional
E) behavioral

F) A) and E)
G) A) and D)

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