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Marketing 542 Fundamentals of Professional Selling Exam 1 fully solved

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Marketing 542 Fundamentals of Professional Selling Exam 1 fully solved

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Marketing 542 Fundamentals of
Professional Selling Exam 1 fully solved

Seven Steps in the selling process - correct answer ✔✔Prospecting and qualifying, reapproach,
approach, presentation and demonstration, handling objections, closing, follow up



Prospecting and qualifying - correct answer ✔✔Identifying potential customers/screening leads



Reapproach - correct answer ✔✔Learning as much as possible about a prospective customer prior to
making a sales call



Approach - correct answer ✔✔Stage where the salesperson meets the customer for the first time



Presentation and demonstration - correct answer ✔✔Benefits of the product are presented and

demonstrated/Understanding prospect needs is key



Handling objections - correct answer ✔✔Answering questions and addressing concerns



Closing - correct answer ✔✔Asking for the order



Follow up - correct answer ✔✔Ensures customer satisfaction



Phases of the Customer-Oriented Sales Call Model - correct answer ✔✔Establishing Rapport, Discovering
Needs, Making a presentation, closing the sale



Establishing Rapport - correct answer ✔✔Step One: Introduce yourself and your company

Step Two: Initiate social conversation

Step Three: Shift attention to topic of business

, Discovering Needs - correct answer ✔✔Step One: Discovering Customer's Needs and Situation Factors

Step Two: Confirm Customers Needs



Making a Presentation - correct answer ✔✔Step One: Propose a customer action

Step Two: Explain how needs are met by this action

Step Three: Verify the proposed customer action



Closing the sale - correct answer ✔✔Step One: Ask for customer commitment

Step Two: Ask customer to initiate action

Step Three: Confirm the sale



When a customer says YES - correct answer ✔✔Confirm the sale

1. Thank them for the order

2. Remind them of the benefits

3. Reassure them that they made a good decision



When a customer says NO - correct answer ✔✔Thank them for their time

1. Thank them for taking the time to visit with you

2. Leave the door open in case something changes

3.Follow up with a thank you letter if future prospect



When a customer says MAYBE - correct answer ✔✔Negotiate buyer resistance

Follow general strategies for negotiating buyer resistance

Use specific methods (tactics) for negotiating resistance



Define Negotiation - correct answer ✔✔"Win-win" strategy

Working to reach an agreement that is mutually satisfactory to both buyer and seller

"Conferring with another so as to arrive at the settlement of some matter"

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