Shared Flashcard Set

Details

Selling
midterm
17
Marketing
Undergraduate 4
08/05/2009

Additional Marketing Flashcards

 


 

Cards

Term
What does FAB stand for?
Definition
Feature Advantage Benefit
Term
How do you describe a feature?
Definition
A fact or characteristic of the product or service
Term
How would you define an advantage
Definition
when you tell the customer why the service is good for them
Term
How do you define a benefit?
Definition
Shows how your product or service meets and explicit need expressed by the customer
Term
What is action 1 of the preliminary stage in the sales call
Definition
greeting/high mileage rapport
Term
What would you do in action 2 of the preliminary stage of the call
Definition
  • Summarize the events that led to the meeting
  • Describe your preparation for the meeting
Term
What would you do in action 3 of the pre;liminary portion of the sales call
Definition
  • State your purpose and make sure you and the customer are on the same page
  • Make it clear you are there to learn about their business and what things you can do to improve the business
  • a.       Clarify the reason for the meeting and make some statement as the potential benefit he will receive by talking with you

    Also – make sure nothing has happened since the last meeting
Term
What is action 4 of the preliminary portion of the sales call
Definition

1.       – Transition to needs

a.       Don’t go to your product discussion

b.       It is good to ask permission to ask questions

Do you mind if I take notes

Term
What are the two types of objections
Definition
value objections and capability objections
Term
What is a value objection
Definition
when the buyer raises doubts about the value, worth or usefulness of your solution
Term
What provides value
Definition
Benefits minus costs
Term
What would you do if your buyer had value objections?
Definition
Go back to the investigative stage of the call and uncover more issues
Term
What is a capability objection?
Definition
They doubt whether you have the capability to solve the problem
Term
What is a capability CAN
Definition
they are wrong – and that you can actually solve the problem
Term
What is a capability can't
Definition

1.       The product actually can’t do that

a.       Don’t give up too easy –

If it is important to them – and if they can not do it better than their competition – You can try to change the order of importance – so them emphasize the good parts – and raise the importance 

Term
Do people buy features or value
Definition
value
Term
Whaty does SPES stand for?
Definition

a.       S – State your selling point

b.       P – Present your sales aid

c.       E – Explain the sales Aid

S – Summarize the sales aid

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