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Marketing Definitions
Definitions for Vocabulary-Chapter 15: Basic marketing-A Marketing Strategey Planning Approach, McGraw Hill Publishing Co.
21
Marketing
Undergraduate 3
12/04/2007

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Term
Basic Sales Tasks (3)
Definition
order-getting, order-taking and supporting; may be done by different people or all done by the same person
Term
Order-getters
Definition
establish relationships with new customers and develop new business; seek possible buyers with a well-rganized sales presentationdesigned to sell a good, service or idea; sell concepts and ideas, not just physical products; sell heterogeneous shopping products ex: Agent middlemen
Term
Order Takers
Definition
sell to the regular/etablished customers, complete most sales transactions and maintain relationships with their customers; the routine completion of sales made regularly to target customers; important not to jeopardize relationship with customer in this stage
Term
Supporting Salespeople
Definition
help the order-oriented salespeople, but don't try to get orders themselves
Term
Missionary Sales People
Definition
supporting salespeople who work for producers by calling their middlemen and their customers; sometimes called merchanidisers or detailers
Term
Technical Specialists
Definition
supporting salespeople who provide technical assistance to order-oriented salespeople
Term
Customer service reps
Definition
work with customerss to resolve problems that arise with a purchase, usually after the purchase has been made; the salespeople who promote a customer's next purchas by being sure that the customer is satisfied with a previous purchase
Term
Customer Service
Definition
the service that is required to solve a problem that a customer encounters with a purchase
Term
team selling
Definition
different people work together on a specific account; sometimes members are not from the sales department
Term
Major Accounts Sales Force
Definition
sells directly to large accounts (like Lowe's) that carry plumbing fixtures ex: Procter and Gamble selling to wal-mart
Term
Telemarketing
Definition
using the telephone to call on customers or prospects; saves time and money for the seller, and gives cutomers a fast and easy way to solve a purchasing problem
Term
Sales Territory
Definition
a geographic area that is the responsiblity of one salesperson or several working together; assigning territories can reduce confusion about who has repsonsibility for a set of sales tasks
Term
Job Description
Definition
a written statement of what a salesperson is expected to do
Term
Important requirements of a company's sales training program
Definition
1. company policies and practicies 2. product information 3. building relationships with customer firms 4. professional selling skills
Term
sales quota
Definition
the specific sales or profit objective a salesperson is expected to achieve
Term
prospecting
Definition
involves following all the leads in the target markte to identify potential customers; sales person may need to do some "detecitive work" to find the real purchase decision makers
Term
sales presentation
Definition
a salesperson's effort to make a sale or address a customer's problem; 3 types: prepared sales presentation, consultative selling approach, or a combination of the two
Term
close
Definition
the salesperson's request for an order
Term
prepared sales presentation
Definition
approach uses a memorized presentation that is not adapted to each individual customer
Term
consultative selling approach
Definition
developing a good understanding of the individual customer's needs before trying to close the sale; salesperson ask questions and listens carefully to the customer's needs
Term
selling formula approach
Definition
starts with a prepared presentation outline (like the prepared approach) and then leads the customer through some logical steps to a final close
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