Shared Flashcard Set

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Strategies of Selling
FM 231 Midterm
9
Marketing
Undergraduate 1
03/28/2011

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Cards

Term
The Golden Rule
Definition
treat others as you would like to be treated.
Term
Cool-off Laws (Sales Restrictions)
Definition
(3 day avg) that the buyer can cancel or return for a full refund
Term
Memorized vs. Formulat (Sales Presentation)
Definition
Flexable: Interactive presentation
Term
Need Development Phase vs. Need Awareness Phase vs. Need Fulfillment
Definition
Buyer needs discussed vs. Prospect needs vs. Salesperson shows how product will fulfill both needs
Term
Unconscious need level(top) / Precocious need level: Somewhat (middle) / Conscious need level : fully aware (bottom)
Definition
(Awareness needs:Some buyers are unsure)
Term
Clayton Act
Definition
Prohibits a seller from making a buyer buy wanted AND unwanted material
Term
Self-concept / real self / self images / ideal self / looking-glass self
Definition
View of ones self / how people actually are / how people see themselves / what people would like to be / how people think others regard them
Term
Buyers personality considered
Definition
Personal info (age, income, gender, situation); psych influences (past experiences, personality, attitudes/beliefs, perception); social influences (culture, social class, friends, family)
Term
Three Levels of Listening
Definition
Lowest level: marginal listening / Second level: evaluate listening / Third level: Active listening (most effective)
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