100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.6 TrustPilot
logo-home
Exam (elaborations)

WGU D099 SALES MANAGEMENT EXAM 2025 WITH ACCURATE SOLUTIONS

Rating
-
Sold
-
Pages
49
Grade
A+
Uploaded on
31-03-2025
Written in
2024/2025

Module 1 Q1: Discuss the 4 key objectives of a sales department, giving an example for each. • Generating customers and converting sales—The main goal of a sales department is to produce sales. But this must be done efficiently and inexpensively. Sales departments should always be thinking about better conversion rates. For example, if Anika talks to 10 potential customers today and 2 of them buy the product, she was able to convert 20% of her customers. Thus, her conversion rate is 20%. Better conversion rates translate into spending less money on customer conversion, which in turn results in higher profits for a company. Therefore, efficient sales departments are always looking to improve their conversion rates. • Retaining current customers—As was discussed before, customer loyalty is imperative for business longevity, and the sales team should strive to retain customers. Remember what gave Anika the drive to be in sales? Building customer trust and relationships was her impetus to stay in sales. Retaining customers is a crucial role of the sales team because it costs businesses more to attract new customers than to keep existing ones. Building a relationship with customers involves making a connection by listening to and trying to provide honest answers and viable solutions for customers' needs and wants. To provide these answers and solutions, the salesperson needs to adapt the sales process to each customer. These concepts will be discussed in more detail later in this module. • Developing a sales forecast—Sales departments are responsible for determining how much product can be sold during a specific time period and at what price. Businesses use this forecast to develop an operational budget and to determine potential profitability. (More about data will be discussed later in this lesson.) Sales forecasting helps companies determine how to manage their workforce, production, and financial resources to operate efficiently. • Ensuring product-market fit—The sales function needs to work closely with marketing to ensure the product is meeting a need for the target market and that the product is being promoted correctly to generate a satisfactory level of sales. Q2: Define Customer Relationship Management (CRM)? Identify few goals of CRM. Processes implemented by a company to handle its contact with customers with the goal of creating a unified customer experience to maximize retention. • Capture new leads and move them through the sales process • Support and manage relationships with current customers to maximize the lifetime value of those relationships to the company • Boost productivity and lower the overall costs of marketing, sales, and account management Q3: What are the four elements that make up ethical behavior within an organization? • A written code of ethic

Show more Read less
Institution
WGU D099 PA -
Course
WGU D099 PA -

Content preview

WGU D099 SALES MANAGEMENT EXAM 2025 WITH ACCURATE SOLUTIONS

,Module 1

Q1: Discuss the 4 key objectives of a sales department, giving an example for each.

• Generating customers and converting sales—The main goal of a sales department is to
produce sales. But this must be done efficiently and inexpensively. Sales departments
should always be thinking about better conversion rates. For example, if Anika talks to 10
potential customers today and 2 of them buy the product, she was able to convert 20% of
her customers. Thus, her conversion rate is 20%. Better conversion rates translate into
spending less money on customer conversion, which in turn results in higher profits for a
company. Therefore, efficient sales departments are always looking to improve their
conversion rates.
• Retaining current customers—As was discussed before, customer loyalty is imperative
for business longevity, and the sales team should strive to retain customers. Remember
what gave Anika the drive to be in sales? Building customer trust and relationships was
her impetus to stay in sales. Retaining customers is a crucial role of the sales team
because it costs businesses more to attract new customers than to keep existing ones.
Building a relationship with customers involves making a connection by listening to and
trying to provide honest answers and viable solutions for customers' needs and wants. To
provide these answers and solutions, the salesperson needs to adapt the sales process to
each customer. These concepts will be discussed in more detail later in this module.
• Developing a sales forecast—Sales departments are responsible for determining how
much product can be sold during a specific time period and at what price. Businesses use
this forecast to develop an operational budget and to determine potential profitability.
(More about data will be discussed later in this lesson.) Sales forecasting helps companies
determine how to manage their workforce, production, and financial resources to operate
efficiently.
• Ensuring product-market fit—The sales function needs to work closely with marketing to
ensure the product is meeting a need for the target market and that the product is being
promoted correctly to generate a satisfactory level of sales.



Q2: Define Customer Relationship Management (CRM)? Identify few goals of CRM.

Processes implemented by a company to handle its contact with customers with the goal of creating a
unified customer experience to maximize retention.

• Capture new leads and move them through the sales process
• Support and manage relationships with current customers to maximize the lifetime value
of those relationships to the company
• Boost productivity and lower the overall costs of marketing, sales, and account
management

Q3: What are the four elements that make up ethical behavior within an organization?

, • A written code of ethics and standards
• Ethics training to executives, managers, and employees
• Availability of advice on ethical situations (advice lines or ethics offices)
• A system for confidential reporting

Q4: What is the relationship between sales and marketing?

Marketing attracts prospective customers to the business while sales attempt to convert these
prospects into paying customers.

Q5: Describe the buyer’s journey?

• A—Attention
• I—Interest
• D—Desire
• A—Action



Q6: Identify differences between Transactional, and Relationship selling?

• Transactional selling is a sales strategy that involves focusing on achieving quick sales
without a significant attempt to form a long-term customer relationship. Relationship
selling focuses on having sales representatives form well-established associations with
consumers to promote repeat purchases.



Q7: How does the Social Style Matrix help in Adaptive selling?

• Adaptive selling is an approach in which the salesperson customizes the selling style to
match the situation and the customer's social style as described by the social style matrix.
• The social style matrix describes how people are different depending on their style,
perceptions, and approaches to communication and behavior. Each of the social styles has
specific characteristics that are important to remember as you prepare and present your
sales presentation.



Q8: Define Customer lifetime value (CLV)? How is CLV calculated?

A prediction of the net profit attributed to the entire future relationship with a customer.

Dollar value of purchase × gross profit percent × number of purchases



Q9: When a Business sells at a no loss no profit, for e.g. a company invests $20/- in making a product
and then sells it to customers at $20/-, what is the Return on Investment (ROI)?

, Where:

• Net Profit = Revenue - Cost

• Investment = Cost of making the product

In this case:

• The company invests $20 in making the product.

• It sells the product for $20, meaning revenue =
cost.

• Net Profit = $20 - $20 = $0

ROI= 0/20 x 100 = 0

Module 2

Q1: Identify 5 points of differences between B2B and B2C markets.




Q2: What are the different sales channels used by companies.




Q3: What is Key Account Management (KAM)? How does Pareto principle apply to KAM?

Written for

Institution
WGU D099 PA -
Course
WGU D099 PA -

Document information

Uploaded on
March 31, 2025
Number of pages
49
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

$18.99
Get access to the full document:

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

Get to know the seller
Seller avatar
wguexamhub

Get to know the seller

Seller avatar
wguexamhub Western Governers University
View profile
Follow You need to be logged in order to follow users or courses
Sold
2
Member since
10 months
Number of followers
0
Documents
62
Last sold
3 weeks ago
"WGU Exam Hub: Study Smarter, Pass Faster!

Welcome to WGU Exam Hub – Your Partner in Academic Success! At WGU Exam Hub, we understand the challenges of balancing studies, work, and life. That’s why we’re here to make your academic journey smoother, smarter, and more successful. Whether you're preparing for exams, tackling assignments, working on projects, or diving into research, we’ve got you covered! Our Services: Exam Help: Access expert study guides, practice tests, and personalized tutoring to help you ace your exams with confidence. Assignment Assistance: Get step-by-step support to complete your assignments on time and to the highest standard. Project Support: From planning to execution, our tools and resources will help you deliver standout projects. Research Guidance: Find curated resources, tips, and frameworks to streamline your research process and produce top-quality work. At WGU Exam Hub, we’re committed to helping you achieve your goals. Let’s turn your hard work into success – one step at a time. Start exploring today!

Read more Read less
0.0

0 reviews

5
0
4
0
3
0
2
0
1
0

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions