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Chapter 11 S & E 2019

AB
sales processsome steps in this are the approach, follow-up, demonstration
Ticket scalperssell tickets for inflated prices
Cold callingconducted through telemarketing
Corporate perksare given to employees for meeting sales quota
FBIreceives reports of fraudulent ticket sales for the Super Bowl
Follow-up examplespersonal thank you note sent to the customer, telephone call after the sale, customer survey following the sale
Approachfirst contact with the customer to gain the customer’s attention and interest
Luxury boxesused by wealthy individual fans and corporate executives
waiting in linenot a good strategy to obtain tickets for a highly demanded entertainment event
Effective demonstrationssalespeople can overcome the consumer’s hesitation to buy
Adding suitesgreater revenue and seating capacity
Ticket scalpersindividuals who sell tickets to major sporting and entertainment events, often outside the venue on the day of the event
Group packagesoffer special ticket prices when tickets are purchased in large quantities
Closing the salecustomers make the decision to buy
Time spentimportant to the success of a sales associate
Closing the sale:the ultimate goal of the sales associate, moves the customer to make a decision, involves suggestion selling
Luxury boxesfancy rooms inside stadiums and arenas that allow corporate executives and some wealthy private individuals to entertain clients and friends while watching an event.
Leadsprospective customers who have shown interest in the product or service and meet the definition of the target market
Ticketmastercontrols the sale of tickets for most venues in the country
Suggestion Sellingasking customers if they want to purchase related products
Continued successbased upon establishing long-term relationships with customers that are enhanced with follow-up from the salesperson
Ticket Brokersregistered businesses that legally buy and sell tickets for a variety of entertainment events and guarantee ticket authenticity
Club seatspremium stadium seats located outside that are usually cushioned and roomy and provide a good view of the action
Cold calling involvescontacting potential customers at random without researching customers’ needs first
Preapproachlearn everything possible about the products and services offered, the target market, and the competition
Personal sellingappropriate for products with small markets, expensive products, complex products that need explanation
Ticket Brokers canobtain the best tickets to sporting events
Customer Managementbuilding a customer base and carefully scheduling time spent with customers
Demonstration shouldaddress the needs of the customer, discuss the product's features, high the benefits of the product
Telemarketingeffective sales strategy, annoying to many consumers, frequently used to survey consumers


Marketing Education/DECA
Terre Haute South High School
IN

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