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Chapter 13 Vocabulary (Entrepreneurship & Small Business Management)

AB
Buying ProcessThe series of mental steps that a customer goes through when making a purchase.
Customer BenefitsThe advantages or personal satisfaction that customers will get from the product.
Emotional Buying ProcessFeelings the buyer associates with the product.
Order GettingSeeking out buyers and giving them a well-organized presentation.
Order TakingThe completion of a sale to a customer who has sought out a product.
Personal SellingThe oral presentation made by a salesperson to help a customer make a buying decision.
ProspectingLooking for new customers.
Rational Buying MotivesConscious decisions for making a purchase.
Sales Call ReportsSalespeople’s record reporting information such as the number of calls made, orders taken, miles traveled, days worked, new prospects contacted, and new accounts sold.
Sales ForecastAn estimate of sales for a specified period.
Sales QuotaA goal assigned to a salesperson for a specific period.


Career Management Teacher
South Robeson High School
Rowland, NC

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