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Alex marketing ch 20
k
40
Marketing
Undergraduate 3
12/03/2008

Additional Marketing Flashcards

 


 

Cards

Term
Personal selling
Definition
Paid personal communication that attempts to inform customers and persuade them to buy products in an exchange situation.
Term
Prospecting
Definition
Developing a list of potential customers.
Term
Approach
Definition
The manner in which a salesperson contacts a potential customer.
Term
Closing
Definition
the stage in the personal selling process when the salesperson asks the prospect to buy the product.
Term
Order getting
Definition
A salesperson who sells to new customers and increases sales to current custmers.
Term

order takers

Definition

a salesperson who rimarily seeks repeat sales.

Term
support personnel
Definition
sales staff members who facilitate selling but usually are not involved solely with making sales.
Term
missionary salespeople
Definition
Support salespeople, usually employed by a manufacturer, who assist the producer's customers in selling to their own customers.
Term

Trade salespeople

Definition
Salespeople involved mainly in helping a producer's customers promote a product.
Term
Technical salespeople
Definition
support salespeople who give technical assistance to a firms current customers.
Term
Team selling
Definition
The use of a team of experts from all functional areas of a firm, led by a salesperson, to conduct the personal selling process.
Term
relationship selling
Definition
The building of mutually beneficial longterm associations with a customer through regular commnications over prolonged periods of time.
Term
Recruiting
Definition
Developing a list of qualified applicants for sales positions.
Term
Straight salary compensation plan
Definition
Paying salespeople a pecific amount per time period, regardless of selling effort.
Term
Straight commission compensation plan
Definition
Paying salespeople according to the amount of their sales in a given time period.
Term
Combination compensation plan
Definition
Paying salespeople a fixed salary plus a commission based on sales volume.
Term
Sales promotion
Definition
An activity and/or material intended to induce resellers or salespeople to sell a product or consumers to buy it.
Term
Consumer sales promotion methods
Definition
Sales promotion techniques that encourage consumers to patronize specific stores or try particular products.
Term
Coupon
Definition
A written price reduction used to encourage consumers to buy a specific product.
Term

Cents-off offer

Definition
A promotion that allows buyers topay less than the regular price to encourage purchase.
Term
money refund
Definition
A sales promotion technique offering consumer a specified amount of money when they mail in a proof of purchase, usuallyfor multiple product purchases.
Term
Rebate
Definition
A sales promotion technique in which a consumer receives a specified amount of money for making a single product purchase.
Term
Point-of-purchase (P-O-P) materials
Definition
Signs, window displays, display racks, and similar devices used to attract customers.
Term
Demonstration
Definition
A sales promotion method a manufacturer uses temporarily to encourage trial use and purchase of a product or to show how a product works.
Term
Free sample
Definition
A sample of a product given out to encourage trial and purchase
Term
Premium
Definition
An item offered free or at a minimal cost as a bonus for purchasing a product.
Term
Customer contest
Definition
Sales promotion methods in which individuals compete for prizes based on their analytical or creative skills.
Term
Customer game
Definition
Sales promotion method in which individuals compete for prizes based primarily on chance.
Term
Consumer sweepstakes
Definition
A sales promotion in which entrants submit their names for inclusion in a drawing for prizes.
Term
Trade sales promotion methods
Definition
Methods intended to persuade wholesalers and retailers to carry a producers products and market them aggressively.
Term
Buying allowance
Definition
A temporary price reduction to resellers for purchasing specified quantities of a product.
Term
Buy-back allowance
Definition
A sum of money given to a reseller for each unit bought after an nitial promotion deal is over.
Term
Scan-back allowance
Definition
A manufacturer's reward to retailers based on he number of pices scanned.
Term
Merhandise allowance
Definition
A manufactuer's agreement to pay resellers certain amounts of money for providing special promotional efforts, such as setting up and maintaining a display.
Term
Cooperative advertising
Definition
An arrangement in which a manufactuer agrees to pay a certain amount of a retailer's media costs for advertising the manufactuers products.
Term
Dealer listing
Definition
An advertisement that promotes a product and identifies the names of participating retailers that sell the product.
Term
Free merchandise
Definition
A manufactuer's reward given to resellers that purchase a stated quantity of products.
Term
Dealer loader
Definition
A gift, often part of a display, given to a retailer that purchases a specified quantity of merchandise.
Term
Premium (push) money
Definition
Extra compensation to salespeople for pushing a line of goods.
Term
Sales contest
Definition
A sales promotion method used to motivate distributors , retailers, and sales personnel through recognition of outstanding achievements.
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