Exam 13: Professional Selling

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A buyer asking for special favors from a seller may have the following two issues:

(Multiple Choice)
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A transactional relationship is one in which the buyer and seller commit time and money to expand "the pie" for both parties.

(True/False)
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Marketers use information from _____ to evaluate which of their activities are earning their companies the biggest bang for their buck.

(Short Answer)
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A salesperson has the right to share customer information with others outside of one's business.

(True/False)
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A customer who is not loyal to one brand and instead focuses on price has a(n)_____ with the seller.

(Multiple Choice)
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How do salespeople create value?

(Essay)
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_____ are a great tool for situations that require adaptation,customer education,and other value-adding activities.

(Multiple Choice)
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Missionary salespeople call on retailers and provide them assistance with merchandising and selling products to consumers.

(True/False)
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How do companies overcome the disadvantage of outsourcing sales efforts?

(Essay)
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A strategic partnership is one in which both the buyer and the seller commit _____ and _____.

(Short Answer)
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Companies hire _____ to manage the relationships with outsourced sales staff.

(Short Answer)
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From the seller's perspective,the goal is not so much to make each relationship a strategic partnership.Instead,the motivation stems from account size,innovation,status,and lifetime value.

(True/False)
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Serving one large customer can often be less profitable than serving smaller customers because large customers receive quantity discounts.

(True/False)
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_____ sell products by phone or email at the distributor's locations.

(Short Answer)
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Terri is a marketer who rates leads based on the readiness of potential buyers to purchase products.She engages in _____.

(Multiple Choice)
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The _____ is the first step in the sales process.

(Short Answer)
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What is the biggest disadvantage of outsourcing sales efforts? Explain.

(Essay)
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Due to the stagnating economy,Shelly must find ways to cut expenses.A great way for her to do this is to decrease sales promotions and increase sales staff.

(True/False)
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What types of information do salespeople gather?

(Essay)
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The more potential buyers there are in the _____,the more revenue a salesperson is likely to generate.

(Short Answer)
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