Exam 3: Creating Value With a Relationship Strategy

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A series of creative improvements in the sales process that enhance the customer experience is also known as:

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C

AdVance Corporation is a company that formulates and manufactures fertilizers for the farming industry.The company produces several standardized formulas that can be purchased directly through the retail arms of the company,but it also formulates custom fertilizers for farms. -John Collins has been a sales rep for AdVance for 18 years.When he began his career with AdVance he followed the money and sold to any customer he could convince to buy.In the last 15 years,however,he has been focusing on acting with integrity in every selling situation.As a result,he has discovered that his immediate close rate on sales has gone down,but that he has developed a highly profitable group of long-term customers.What principle does this demonstrate?

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E

Joelle Williams is a personal coach who works primarily with sales representatives at the Colotel Corporation,a company that manufactures and sells copiers and peripherals.Joelle works on manners,nonverbal cues,and personal goal setting with the Colotel sales reps.The company prides itself on hiring locally for each office and using regional ties as well as cultured manners to advance relationships with customers. -Joelle has found that in some regional areas,punctuality and lateness are seen as bigger signifiers than they are in other regional areas.How should she teach sales reps to approach punctuality for appointments?

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D

An empathizer is someone who understands the ways humans interact.

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A ________ is usually the only physical contact one makes during a sales call.

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Roni Harris is a college student in the business department of her local university.She came in to college thinking she wanted to become an Accounting major,but discovered that she is interested in product marketing and in sales. -Roni is carrying a full course load this semester,belongs to the Student Investment Club,is studying Mandarin Chinese,runs with the track team,and has been volunteering with an art therapy program to help homeless children process their emotions. Which of those activities will be of most help to her in a career in selling?

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The CARE model helps salespeople add value to their relationships with customers.

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The three major relationship challenges are building new relationships,transforming relationships from personal to professional,and:

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Emotional intelligence refers to the capacity for monitoring our own feelings and those of others,along with motivating ourselves and managing our emotions.

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AdVance Corporation is a company that formulates and manufactures fertilizers for the farming industry.The company produces several standardized formulas that can be purchased directly through the retail arms of the company,but it also formulates custom fertilizers for farms. -A sales rep from AdVance spends several months with the buyer for a company that owns a dozen farms understanding the buyer's needs,and puts together a proposal for several fertilizers produced for the company's specific needs.When the sale is about to close,the buyer decides to purchase a cheaper,premade,standardized formula from another supplier.What is the most likely explanation of the outcome of the interaction?

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________ can be defined as a strategically developed,high quality,long-term relationship that focuses on solving the customer's buying problem.

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The rules about how to dress in the business community are:

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Roni Harris is a college student in the business department of her local university.She came in to college thinking she wanted to become an Accounting major,but discovered that she is interested in product marketing and in sales. -Roni discovers that she and a prospect belonged to the same sorority at different colleges in different decades.Should Roni mention this to the prospect?

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Generally speaking,a firm handshake will communicate:

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In terms of relationship building,which type of selling is often the most challenging?

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Research in the field of communications reveals that:

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________ ________ is shaped by the ideas,attitudes,feelings,and other thoughts you have about yourself that influence the way you relate to others.

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An effective model of creating rapport and building relationships with customers includes:

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Ego drive propels a salesperson to attempt to close a sale.

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Research indicates that when two people communicate,nonverbal messages convey:

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