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Exam (elaborations)

MRKT 257 UNL (chapters 1,2,3,4, & 13 Exam 1) Questions with Verified Correct Answers

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MRKT 257 UNL (chapters 1,2,3,4, & 13 Exam 1) Questions with Verified Correct Answers

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MRKT 257 UNL (chapters 1,2,3,4, & 13 Exam
1) Questions with Verified Correct Answers
Person-to-person

Business activity in which a salesperson uncovers and satisfies the need of a buyer to the

mutual, long-term benefit of both parties.

Buyer Profit

Personal value equation = Benefits received - (selling price + Time and Effort to purchase)

Go-to-Marketing Strategies

Approach used to approach customers as they ad value.

Sales Force-Intensive Organizations

Organizations that rely on heavily on salespeople.

Multi-channel Strategy

Using several strategies strategies at the same time.

Paid-Impersonal=

Advertising/Sales promotion (Newspaper)

Paid-Personal

Personal selling/emails

Unpaid-Impersonal

Publicity (charity race)

unpaid-personal

, Word of mouth

Control

Advertising, Internet sites, and sales promotions give companies control over content and

timing.

Flexibility

Personal selling allows more flexibility.

Personal selling

Personal selling is the most costly method of communication.

Even though personal selling is the most expensive method of communication on a per

person reached basis, businesses continue to use personal selling because of advantages

in...

A) Flexibility

B) Cost

C) Credibility

D) Control

E) Referral Value



(Flexibility)

Client Relationship Manager

Making the customer the center of everything the salesperson does.

24/7 service: Must be available 24 hours a day, 7 days a week.

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