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Marketing Essentials - Chapter 12 - Preparing for the Sale

Terms to know for chapter 12

AB
personal sellingany form of direct contact occurring between a salesperson & a customer
business-to-business sellingtakes place in a manufacturer's or wholesaler's showroom(inside sales) or a customer's place of business(outside sales)
telemarketingthe process of selling over the telephone
feature-benefit sellingmatching the characteristics of a product to a customers' needs & wants
product featuresbasic, physical, or extended attributes of the product or purchase
customer benefitsthe advantages or personal satisfaction a customer will get from a good or service
rational motivea conscious, logical reason for a purchase
rational motives include:product dependability, time or monetary savings, health or safety considerations, service & quality
emotional motivea feeling experienced by a customer through association with a product
extensive decision-makingused when there has been little or no previous experience with an item
limited decision-makingused when a person buys goods & services that he or she has purchased before but NOT regularly
routine decision-makingused when a person needs little information about a product that he or she is buying
preapproacha time in which one looks for customers & prepares for a sale
prospecta lead to a potential customer
referralsthe names of other people who might buy a product
endless chain methodasking previous customers for names of potential customers
cold canvassinglocating as many potential customers as possible without checking out leads beforehand-potential customers are selected at random
extended product featurea company's reputation for reliability, a warranty, or a service policy
feature-benefit charta comparison of product characteristics & a purchaser's wants & needs
leadsnames of potential customers gathered from one's employer
trade & professional directoriesdirectories to locate potentials by type of business
tangible product benefita physical characteristic of an item


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