Sales 542 Midterm Review

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Across
  1. 1. ____ Buyers; purchase finished goods for resale
  2. 3. ____ benefit; ____-costs = Net benefit
  3. 4. New Business Developments; involved with new products/customers
  4. 6. Knowledge-Based learning
  5. 8. Question identifying explicit needs and clarifications
  6. 13. Unconscious ____; right intuition, second nature
  7. 14. Actual goal to achieve in a sales call
  8. 17. What the customer gets from using the feature
  9. 18. Step 4 in Seller perspective in a sales call process
  10. 19. Selling that educates customers on use of new or existing products/services
  11. 20. Needs that the buyers needs but doesn’t now what exactly
  12. 25. ____ opening leading with benefits of the offering
  13. 27. Risk with spending too long on the process/offer
  14. 28. What is it?
  15. 29. Type of selling that is interpersonal interactions between buyers and sellers to initiate, develop, and enhance customer relations
  16. 32. Type of market that is concentrated, fluctuates, lengthy, complexly impactful, influenced by rationality and customer value & motivated by business, gov, etc.
  17. 33. Type of procurement; items for company use in business operations
  18. 36. Simply hearing
  19. 38. _____ Sales Reps that visit customers in person within a territory
  20. 39. ____ opening asking a question
  21. 40. Learning based on physical, special action, or activity
  22. 43. Type of knowledge knowing the marketing influences, growth, and changes
  23. 45. Account Managers that support existing clients
  24. 46. ____ even; length of time for an investment to be returned = purchased price/savings per period
  25. 48. ____ Task; product/service being purchased for the first time, new problem/need has arisen (requires lots of information)
  26. 49. ____ rebuy; reordering the same product/service from the same supplier
  27. 50. ____ cost; return the customer would have earned from using the same investment for a different purpose
  28. 54. I like it.
  29. 56. Type of selling with the goal of short term solutions
  30. 61. Need ____; Step 2 in Buyers perspective in a sales call
  31. 62. Risk when cost exceeds benefits
  32. 65. “Government” Buyers constrained by policies and laws in a formal buying process
  33. 67. ____ opening complementing the buyer or company
  34. 68. Minimum goal to achieve in a sales call
  35. 69. Need ____; Step 3 in Buyers perspective in a sales call
  36. 70. I want it.
  37. 71. Question with an If/Then statement
  38. 72. Type of learning that takes a holistic approach
  39. 73. Sales _____ that works with account managers to develop solutions for customers
Down
  1. 1. ____ opening conveying someone else referred you to the potential customer
  2. 2. Intentional listening
  3. 5. ____ incompetence; wrong intuition, doesn’t see errors and doesn’t know how to correct it
  4. 7. “Psychological” risk where the decision will impact how peers view the buyer
  5. 8. Risk when product is unsafe
  6. 9. Step 2 in Sellers perspective in a sales call process
  7. 10. Statement addressing how sales offering provides value to a customer by fulfilling a need pr creating an opportunity
  8. 11. Step 3 in Sellers perspective in a sales call process
  9. 12. Statement linking benefits to the advantage of the product and what the feature is
  10. 15. Need ____; Step 4 in Buyers perspective in a sales call
  11. 16. ____ opening demonstrating a feature/benefit right away
  12. 21. Emotion-Based learning
  13. 22. ____-Listening Differential; different between number of words people can speak vs hear in a minute (Speed of Speech > Speed of Thought)
  14. 23. ____ competence; right analysis, understands how to do something
  15. 24. Customer mental stages
  16. 26. Characteristic or attribute of a product/service
  17. 30. Risk expending resources on a lesser product when there is opportunity to purchase a better product
  18. 31. _____Sales Reps; in office support for customers, likely to start career here
  19. 34. Type of procurement; items used to create a product/service for the end-under
  20. 35. Myth that only this personality type can be in sales
  21. 37. Needs that customers recognized and states
  22. 41. Type of knowledge knowing the company and buyer info and getting more info
  23. 42. ____ Buyers; purchase for use in the creation of product sold by organization
  24. 44. I’m getting it.
  25. 47. _______Account Management; responsible for most important accounts
  26. 51. Question asking how benefits solve the problems
  27. 52. ____ Rebuy; Reordering known product/service but want additional info or alternatives
  28. 53. 1st step in sellers and buyers perspective in sales call process
  29. 55. Question asking about the customer
  30. 57. Type of selling with the goal to build long-term relation
  31. 58. How the feature helps the customer
  32. 59. Risk where product will not perform as intended
  33. 60. Net benefit expected from a given investment; net profits/purchase price
  34. 63. Conscious ____; wrong analysis, sees value but doesn’t know how to execute
  35. 64. New Business Developments; getting orders from existing clients
  36. 66. Type of knowledge understanding the product benefits
  37. 67. Type of market that is quick, routine, simple and motivated by personal needs, emotions, & peers