1. 82-20 rule - ANS-80 percent of the income or profits come from 20 percent of the
customers.
2. Active listening - ANS-A established shape of listening and responding that focuses the
eye at the speaker. The listener should take care to attend to the speaker absolutely, and
then repeat, within the listener's personal words, what he or she thinks the speaker has
said.
3. Actual sales - ANS-Total gross sales generated at some point of a selected reporting
length for a department or store.
4. Affirmation - ANS-A assertion with a concept image that announces you've got already
attained your aim.
5. Average income - ANS-The common income metric is a sign of how a whole lot every
consumer buys
6. Benefits - ANS-Advantages or rewards of products functions.
7. Body language - ANS-Nonverbal communication which includes how one sits or stands,
facial expressions, and hand and eye movement.
8. Brick- and-mortar - ANS-The presence of a physical storefront and face-to-face
purchaser experience.
9. Closed-ended questions - ANS-Questions that have a tendency to awaken one-word
answers: yes or no. The goal of the use of closed-ended questions is to restrict speakme
or to control the course of verbal exchange, inclusive of when you need to narrow the
scope of the conversation, elicit specific information, or near the sale. Closed-ended
questions usually begin with words Like do, will, can, and are
10. Closeout shops - ANS-Off-price shops that provide an collection of brand-name
merchandise at a full-size bargain off the the producer's price
11. Commercial cue - ANS-Advertising message that impacts purchase decisions
12. convenience stores - ANS-These shops aim at offering their clients a convenient
shopping experience. These preferred products stores are easily available, small in
length, with quick shopping and easy checkout.
13. Company chain - ANS-A employer that operates more than one shops below not
unusual possession, and usually has centralized decision-making.
14. Customer service - ANS-The act of looking after the client's desires by means of
presenting and turning in professional, helpful, excessive satisfactory carrier and help
before, in the course of, and after the client's necessities are met.
15. Demographics - ANS-Quantifiable records approximately purchaser along with
household length, profits, education, occupation, and area of residence.
16. Department store - ANS-Each branch makes a contribution to the shop's economic plan
and allows the store meet its income and goals. Each department additionally gets a
plan and is chargeable for it personal sales dreams.
, 17. Department stores - ANS-These stores provide exact service and a huge range and
assortment of products of mid-to-excessive great.
18. Direct selling - ANS-Salespeople contact clients at once in a convenient area, often at a
purchaser's domestic; reveal product benefits; take orders; and deliver the products or
carry out the services.
19. Discount shops - ANS-These shops provide a extensive variety of products, confined
provider, and coffee charges.
20. Distribution channel - ANS-The chain of corporations thru which a good or provider
passes till it reaches the quit client.
21. Diverse shopper - ANS-This buyer is difficult to expect or to apprehend. He stores in lots
of distinct locations and isn't glaringly encouraged via any one retail element.
22. E-trade - ANS-Buying and promoting thru the net thru an electronic device
23. Elevator pitch - ANS-A quick speech that may be delivered inside the time span of an
elevator experience (30 seconds or one hundred-150 phrases). The goal is to seize a
person's attention to explain who you are and what you do (and why you're the nice) and
to inspire them with a name to motion (e.G., offer you with leads on the next possibility).
24. Employee theft - ANS-Employee stealing of coins, together with voids, submit-voids, and
deposits
25. Features - ANS-Those matters which might be physical in nature, including shade, size,
and so on., and appeal to our senses of touch, flavor, smell, hearing, feeling, and sight.
26. Financial planning - ANS-Planning or purpose putting to help shops reach their income
or productiveness goals. It consists of a income plan, products plan, and save and
branch plans.
27. Follower - ANS-This consumer normally waits to peer what the state-of-the-art
tendencies can be, and is reluctant to attempt new products till friends have completed
so and pronounced them
28. Franchise - ANS-The license granted to any other party to market a company's proper
and offerings in a selected territory.
29. Fraud - ANS-Means of stealing by way of trickery, which includes stolen credit/debit
playing cards, counterfeit cash, foreign money switching, refund fraud, refund abuse,
stolen, or bad checks.
30. Goal - ANS-An purpose for the future; one of the greatest motivators for human beings is
to have meaningful goals to paintings towards. This consists of each enterprise and
private dreams. Goals deliver us awareness, motivation, readability, and course. They
help us to examine and develop and possibly even accomplish matters we never
concept viable.
31. Gross home product - ANS-The financial cost of all the completed items and offerings
produced within a country yearly.
32. Impulse client - ANS-The character who makes brief purchase choices.
33. Independent establishment - ANS-Typically unmarried save or a small, local chain.
34. Innovative customer - ANS-The customer who wants to be the first to purchase and very
own the modern products.