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Obj. 1.05 Vocabulary

AB
Budget:An estimate of income and expense for a specific period of time
Customer serviceActivities and benefits provided by a business to its customers to create goodwill and customer satisfaction
Data:Facts and figures
DistributorA channel member (intermediary) who helps to sell a business's products; usually a wholesaler
Estimate:An approximation of data; an "educated gu 6. ess"
FactA true statement
Market shareAn organization's portion of the total industry sales in a specific market
Prediction /ProjectionA forecast made about the future
Sales forecastA prediction of future sales over a specific period of time
Sales invoiceAn itemized statement of money owed for a good or service
Trade journal:An industry-specific publication
Vendor /Supplier:A supplier of goods, usually a wholesaler or distributor
Request & Complaint Reportsdata captured to assist business in correcting problems with customers or employees.
Lost Sales Reportsdata gathered about orders that were cancelled or returned and why they occurred.
Call ReportsThe typical call report will identify who the salesperson met with, if and when the company plans to make a purchase, an estimate of the size of the purchase, and any information the buyer wants from the salesperson
Activity Reports– are used to capture daily information and compare plan of action to obtain established goals
Relationshipsbusinesses want to build long term relationships with their customers for loyalty and repeat business.
Sales volume analysis:A breakdown of sales volume data that allows a company to measure its actual sales against a number of different criteria
Primary dataFacts and figures that have been collected specifically for the problem or project at hand
Secondary dataFacts and figures that have been collected for purposes other than the project at hand


CTE Instructor
Online
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