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FM 5.02

AB
Add-OnsAdditonal related merchandise items that create complete outfits.
AllowancePartial return of the retail price for merchandise the customer has kept.
ApproachThe initial face-to-face meeting with the customer.
Bonding (Relationship Selling)The process of salespeople doing everything possible to strengthen relationships with customers.
BoomerangA technique of handling objection in which the objection comes back to the customer as a selling point.
Buying MotivesA customer's reasons for buyong goods and servces.
C.O.DA "cash-on-delivery" sale in which payment is made to the delivery person when the merchandise is deivered.
Casual LookersCustomers who are killing time or simply browsing.
Client FileA bok, card, or electronic file in which customer's names, addresses, phoone numbers, size, and important occasions, color preferences, and previous purchases are recorded.
Closing the SaleGetting a commitment from the customer to buy the merchandise.
Decided CustomersCustomers who now exactly what they want and why, and who prefer to make their purchase quickly.
DemonstrationA technique of handling an objection by showing one or more features of a good or service.
Direct CloseA method of closing the sale in which the salesperson simply asks for the sale.
Direct DenialA technique of handling objections that provides proof an accute information n answer to objections.
Emotional MotivesCustomer reasons for buying based on feelings.
Even ExchangeAn exchange transcation in which the replacement merchandise is the same price as the returned merchandise.
ExchangeA transaction in which previously purchased merchandise is returned and replaced by other merchandise.
Follow-UpContact with the customer after the sale has been made.
LayawayA deferred purchase agreement in which the store sets aside the customer's merchandise until the cstomer has fully paid for it.
"More-than-One" SellingA type of suggestion selling in which the salesperson offers more than one (multiples) of the same or similar item.
ObjectionsHonest reasons a customer hesitates to buy.
Patronage MotivesReasons customers choose to shop at one store instead of another.
Point-of-Sale (POS)Merchandise data collected electronically when consumer purchase transactions are recorded.
Price Lookup (PLU)The feature of computerized POS systems that automatically adjusts prices to the correct amount when bar codes are scanned at the checkout.
Product BenefitsSatisfactions customers derive from product features.


McDowell High School

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