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Define + Lists
Chapter 16
24
Marketing
Undergraduate 4
12/10/2007

Additional Marketing Flashcards

 


 

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Term
salesperson
Definition
an individual acting for a company by performing one or more of the following activities: prospecting, communicating, servicing, and information gathering
Term
sales force management (see pg. 489)
Definition
he analysis, planning, implementation and control of sales force activities. it includes setting and designing sales force strategy; and recruiting, selecting, training, supervising, compensating, and evaluating the firm's salespeople
Term
territorial sales force structure
Definition
a sales force organization that assigns each salesperson to an exclusive geographic territory in which that salesperson sells the company's full line
Term
product sales force structure
Definition
a sales force organization under which salespeople specialize in selling only a portion of the company's products or lines
Term
customer sales force structure
Definition
a sales force organization under which salespeople specialize in selling on certain customers or industries
Term
outside sales force (aka field sales force)
Definition
outside salespeople travel to call on customers
Term
inside sales force
Definition
inside salespeople who conduct business from their offices via telephone or visits from prospective buyers
Term
team selling
Definition
using teams of people from sales, marketing, engineering, finance, tech support, and even upper management to service large, complex accounts
Term
sales quota
Definition
a standard that states the amount a salesperson should sell and how sales should be divided among the company's products
Term
selling process
Definition
the steps that the salesperson follows when selling, which include prospecting and qualifying, preapproach, approach, presentation and demonstration, handling objections, closing, and follow-up (see pg. 501 fig. 16.3)
Term
prospecting
Definition
identify qualified potential customers
Term
preapproach
Definition
salesperson learns as much as possible about a prospective customer before making a sales call
Term
approach
Definition
salesperson meets the customer for the first time (listen!)
Term
presentation
Definition
salesperson tells product story to the buyer, highlighting benefits
Term
handling objections
Definition
salesperson seeks out, clarifies, and overcomes customer objections to buying
Term
closing
Definition
salesperson asks customer for an order
Term
follow-up
Definition
the last step, salesperson follows up about the sale to ensure customer satisfaction and repeat business
Term
direct marketing
Definition
direct communications with carefully targeted individual customers
Term
customer database
Definition
an organized collection of comprehensive data about individual customers or prospects, including geographic, demographic, psychographic, and behavioral data
Term
telephone marketing
Definition
using the phone to sell directly to customers
Term
direct-mail marketing
Definition
sending an offer, announcement, reminder, or other item to a person at a particular address
Term
catalog marketing
Definition
direct marketing through print, video, or electronic catalogs that are mailed to select customers, made available in stores, or presented
Term
direct-response television marketing
Definition
direct marketing via television, including DIRECT-RESPONSE TV ADVERTISING or INFOMERCIALS and HOME SHOPPING CHANNELS
Term
integrated direct marketing (fig 16.5 pg. 516)
Definition
direct-marketing campaigns that use multiple vehicles and multiple stages to improve response rates and profits
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