ENT4122: Personal Selling Chapter 1 Quiz
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Questions and Answers

What is the primary focus of personal selling?

  • Advertising through mass media
  • Digital marketing strategies
  • Interpersonal interactions between buyers and sellers (correct)
  • Market research and analysis
  • Which of the following is a key element that distinguishes personal selling from other marketing communications?

  • Use of digital channels
  • Interpersonal communications dimension (correct)
  • Focus on mass outreach
  • Standardized advertising messages
  • Why is personal selling considered important for most businesses?

  • It relies solely on digital presence.
  • It is less expensive than other marketing tactics.
  • It guarantees high sales volume.
  • It enhances customer relationships. (correct)
  • What additional resource is mentioned for the course on Go to Market Strategies?

    <p>Textbook with specific citations (B)</p> Signup and view all the answers

    What action is required for students interested in volunteering for the social media activity?

    <p>Email with specific subject line and details. (B)</p> Signup and view all the answers

    What is the primary purpose of sales dialogue?

    <p>To uncover the prospective customer's unique needs and requirements (B)</p> Signup and view all the answers

    Which of the following is NOT a characteristic of sales professionalism?

    <p>Using manipulative tactics for immediate sale (A)</p> Signup and view all the answers

    How can a salesperson create additional customer value?

    <p>By making the customer aware of further opportunities (D)</p> Signup and view all the answers

    What is one area in which the sales profession could improve?

    <p>Increasing autonomy in decision making for salespeople (A)</p> Signup and view all the answers

    Which of the following best defines sales professionalism?

    <p>Using truthful methods to fulfill customer and firm needs (C)</p> Signup and view all the answers

    Which of the following is NOT a requirement of being an effective salesperson?

    <p>Develop personal relationships with every customer (B)</p> Signup and view all the answers

    What is the primary characteristic of adaptive selling?

    <p>Changing sales messages based on customer situations (B)</p> Signup and view all the answers

    Which approach involves providing stimuli to influence buyer responses?

    <p>Stimulus response selling (B)</p> Signup and view all the answers

    What strategy does continued affirmation utilize?

    <p>Employing a series of yes questions to secure agreement (D)</p> Signup and view all the answers

    Mental states selling assumes buyers can be led through what?

    <p>A series of mental states (D)</p> Signup and view all the answers

    What does the 'Attention' stage aim to achieve in the AIDA model?

    <p>Build rapport with the prospect (A)</p> Signup and view all the answers

    Which sales tactic is associated with the 'Desire' stage of the AIDA model?

    <p>Conducting a product demonstration (B)</p> Signup and view all the answers

    What is a key feature of need satisfaction selling?

    <p>Assuming a specific need leads to purchase (D)</p> Signup and view all the answers

    How does problem-solving selling extend beyond need satisfaction selling?

    <p>It develops alternative solutions for buyer needs. (D)</p> Signup and view all the answers

    What is the main objective of the action stage in the AIDA model?

    <p>Overcoming buyer resistance to make the sale (A)</p> Signup and view all the answers

    Which best describes the sales process?

    <p>An intricate pattern of interrelated steps (C)</p> Signup and view all the answers

    In the scenario provided, what are the benefits of custom-print shopping bags for retailers?

    <p>They serve as a marketing tool and convenience. (C)</p> Signup and view all the answers

    What is one of the potential concerns for Nicole's business due to recent economic changes?

    <p>Negative impact on sales (D)</p> Signup and view all the answers

    What is a primary focus of trust-based relationship selling?

    <p>Building long-term customer relationships (B)</p> Signup and view all the answers

    Which skill is specifically required for trust-based relationship selling?

    <p>Teambuilding and teamwork (B)</p> Signup and view all the answers

    What outcome does trust-based relationship selling primarily seek to achieve?

    <p>Mutual benefits and enhanced profits (C)</p> Signup and view all the answers

    How does communication differ between transaction-focused traditional selling and trust-based relationship selling?

    <p>One-way in traditional, two-way in trust-based (B)</p> Signup and view all the answers

    What characterizes the sales approach of a salesperson in trust-based relationship selling?

    <p>Acting as a business consultant and long-term ally (B)</p> Signup and view all the answers

    In the context of trust-based relationship selling, what does customer value refer to?

    <p>Perception of benefits gained versus costs incurred (C)</p> Signup and view all the answers

    Which type of knowledge is essential for a salesperson practicing trust-based relationship selling?

    <p>General business and industry knowledge (A)</p> Signup and view all the answers

    What role does postsale follow-up play in trust-based relationship selling?

    <p>Important for ensuring customer satisfaction and ongoing value (A)</p> Signup and view all the answers

    What type of selling strategy best contrasts with trust-based relationship selling?

    <p>Transaction-focused traditional selling (B)</p> Signup and view all the answers

    Which of the following best describes the decision-making involvement of a salesperson in trust-based relationship selling?

    <p>Actively involved in the customer's decision-making process (A)</p> Signup and view all the answers

    Flashcards

    Personal Selling

    Personal selling is a marketing communication method that focuses on direct interactions between buyers and sellers to establish and improve customer relationships.

    Key Term: Personal Selling

    Direct, interpersonal communication between buyers and sellers to build and maintain relationships.

    Interpersonal Interactions

    Direct communication between people, crucial in building customer relationships.

    Customer Relationships in Personal Selling

    Personal selling aims to develop and strengthen enduring connections with customers.

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    Successful Sales Interactions

    Positive experiences with salespeople result from effective communication and relationship building.

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    Trust-Based Selling

    A sales approach focusing on building trust and understanding the customer's needs.

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    Sales Dialogue

    A series of conversations between buyers and sellers to understand needs.

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    Professional Selling

    Honest selling that addresses long-term needs of both buyer and seller.

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    Sales Professional Criteria

    Professional sales include knowledge, contribution to society, a defined culture, and unique skills.

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    Sales Improvement Areas

    Areas where sales could improve include autonomy, public trust, and a uniform ethical code.

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    Effective Salesperson Traits

    Honest, knowledgeable about products/services, market trends, and the customer's own business and needs. They should coordinate internal activities to optimize customer value.

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    Adaptive Selling

    Adjusting sales messages to match different customer situations.

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    Stimulus-Response Selling

    Using specific cues to encourage predictable customer responses.

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    Continued Affirmation

    A series of questions designed to get the customer to agree to the final sales pitch, one step at a time.

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    Mental States Selling

    Leading the buyer through a series of mental steps (e.g. awareness, interest, demand) in the buying process.

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    Trust-based relationship selling

    A selling approach focused on building trust and meeting customer needs over an extended period, aiming to deliver value to the customer's business.

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    Transaction-focused traditional selling

    A selling approach focused on individual sales transactions, with less emphasis on building long-term relationships.

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    Customer value

    The customer's perception of what they gain in exchange for what they give up.

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    Selling skill (trust-based selling)

    Skills like information gathering, listening, questioning, strategic problem-solving and building value-added solutions.

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    Post-sale follow-up (trust-based selling)

    Continued actions to ensure customer satisfaction, keep the customer informed, add value, and manage opportunities.

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    Salesperson involvement (trust-based)

    Active participation in the customer's decision-making process.

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    Needed knowledge (trust-based selling)

    Requires product, competitive, account, general business, industry, customer's products, competition, and customer knowledge.

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    Focus (trust-based selling)

    Focus primarily on solving customer problems and adding value to the customer's business.

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    Communication Style (trust-based selling)

    A two-way, collaborative communication that aims to dialogue and understanding with the customer instead of pushing a product.

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    Role of salesperson (trust-based selling)

    Act as a business consultant and long-term ally, rather than just a seller.

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    AIDA*

    A model used in sales to describe the mental stages a buyer goes through: Attention, Interest, Desire, Action.

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    Need Satisfaction Selling

    A sales approach that focuses on understanding and meeting the customer's needs.

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    Problem-solving Selling

    A sales method that helps customers find solutions to their problems.

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    Sales Process

    A series of steps companies follow to find customers and make sales.

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    Sales Tactic for Attention

    Sales techniques to grab the buyer's attention in the initial stages of the sales process.

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    Sales Tactic for Interest

    Sales techniques that engage the customer to understand the product and the value proposition.

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    Sales Tactic for Desire

    Methods used to convert customer interest into a desire for the product. This stage builds interest into wanting something.

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    Sales Tactic for Action

    Sales techniques used to overcome resistance and drive to purchase.

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    Study Notes

    Course Information

    • Course name: ENT4122: Go to Market Strategies
    • Course description: Focuses on go-to-market strategies, specifically personal selling.
    • Textbook: SELL 7th Edition by Ingram, LaForge, et al., ISBN-10: 035790138X (Cengage Publishing)
    • Textbook access: Available through Canvas Modules -> Course Materials
    • Instructor: Mr. Roberts, [email protected]

    Chapter 1 - Personal Selling

    1-1 Personal Selling Defined

    • Personal selling is characterized by interpersonal communication between buyers and sellers.
    • It aims to establish, build, and maintain customer relationships.
    • It differs from other marketing communications due to its interpersonal nature.
    • It is considered the most vital aspect of marketing communications for many businesses.

    1-2 Trust-Based Relationship Selling

    • Trust-based relationship selling requires salespeople to earn trust and utilize strategies to fulfill customer needs.
    • It involves contributing to the creation, communication, and delivery of customer value.
    • It contrasts with traditional, transaction-focused selling by addressing customer problems, offering possibilities, and adding value over an extended time frame.
    • Key questions regarding customer value include if the salesperson helps with cost savings, dependability, support of strategic goals, ease of working with the company, and if the salesperson enlists others to enhance value and grasps the customer's industry.

    1-3 Evolution of Professional Selling

    • Sales professionalism focuses on truthful and non-manipulative tactics to benefit the customer and the selling company in the long term.
    • Sales professionalism is defined by a strong knowledge base, societal contribution, organized colleagues, and unique skills.
    • Areas for potential sales improvement: Salespeople's autonomous decision-making, public trust, and adherence to a uniform code of ethics.

    1-4 Contributions of Personal Selling

    • Effective salespeople need honesty, demonstrable product/service knowledge, understanding of market opportunities and business trends, and coordination of firm activities to deliver maximum value to customers.
    • Effective salespeople must also contribute to the success of the buyer's firm.

    1-5 Alternative Personal Selling Approaches

    • Adaptive selling: Salespeople adapting their messages to match various customer situations.
    • Stimulus response selling: Using stimuli to elicit predictable responses.
    • Continued affirmation: A series of questions designed to lead the customer to a "yes" throughout the sale.
    • Mental states selling (AIDA): Leads the buyer through attention, interest, desire, and action using sales tactics to generate interest and commitment.
    • Need satisfaction selling: Uncovers customer needs using probing to fulfill those needs.
    • Problem-solving selling: Extends need satisfaction by developing solutions to satisfy those needs.

    Additional Information

    • Activity: Volunteers needed for an activity using social media (contact [email protected])
    • Activities: In-class student engagement presentation, Quiz #1 (Chapters 1 and 2), Interview Project Checkpoint #1 (Due Sunday, 9/15)
    • Conclusion: Instructor contact information ([email protected] and 144 RSB).
    • Group Activity Scenario: Scenario about a business owner navigating economic constraints from a customer perspective.
    • Discussion Activity: Example of trust-based selling vs. transaction-focused selling.
    • Knowledge Check 1: Correct answer is Diffusion of innovation.
    • Knowledge Check 2: Correct answer is Problem-solving selling.

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    Description

    Test your understanding of personal selling concepts from Chapter 1 of the SELL textbook. This quiz focuses on the definition of personal selling, its interpersonal nature, and the importance of trust-based relationship selling. Prepare to demonstrate your grasp of essential marketing communication strategies.

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