Shared Flashcard Set

Details

Go Beyond the Sale
SE130
17
Marketing
11th Grade
02/26/2014

Additional Marketing Flashcards

 


 

Cards

Term
Advertising
Definition
Any paid form of non-personal presentation of ideas, images, goods, or services
Term
Credit
Definition
The arrangement by which businesses or individuals can purchase now and pay later
Term
. Customer feedback
Definition
Evaluative or corrective information given by the customer to the salesperson
Term
Customer loyalty
Definition
The customer’s preference for a business; usually expressed in regular purchases from the business
Term
Customer satisfaction
Definition
A measure of how well a business has met its customers’ expectations
Term
. Customer service
Definition
Activities and benefits provided by a business to its customers to create goodwill and customer satisfaction
Term
. Customers
Definition
The people who buy goods and services
Term
Profit
Definition
Monetary reward a business owner receives for taking the risk involved in investing in a business; income left once all expenses are paid
Term
Prospect
Definition
Any person or business with the potential to purchase a good, service, or idea; qualified lead
Term
. Repeat business
Definition
Customers who continue to buy from a company, salesperson, etc.
Term
. Reputation
Definition
A person’s or business’s good name; quality of character
Term
Sales
Definition
A career that involves responding to consumer needs and wants through planned, personalized communications intended to influence purchase decisions and ensure satisfaction
Term
Sales close
Definition
The point in a sales presentation at which the customer makes a favorable buying decision
Term
Sales presentation
Definition
The sales procedure in which the salesperson shows the customer the benefits of the product’s features; includes the sales dialogue and product demonstration
Term
Salesperson
Definition
An individual employed to advance and/or facilitate the exchange of a good or service
Term
Suggestion selling
Definition
A sales technique in which the salesperson attempts to increase the customer’s purchase by recommending additional items after the original decision to buy has been made
Term
Warranty
Definition
A promise made by the seller to the consumer that the seller will repair or replace a product that does not perform as expected
Supporting users have an ad free experience!