Marketing chapter 17

Created by Meiley Shuck

Personal selling*
“Paid promotional technique involving a sales representative engaging directly with a prospective customer with the intention of making a sale.”

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TermDefinition
Personal selling*
“Paid promotional technique involving a sales representative engaging directly with a prospective customer with the intention of making a sale.”
Prospecting*
“Developing a database of potential customers.”
Approach*
“The manner in which a salesperson contacts a potential customer.”
Closing*
“The stage in the personal selling process when the salesperson asks the prospect to buy the product.”
Support personnel*
“Sales staff members who facilitate selling but usually are not involved solely with making sales.”
Missionary salespeople*
“Support salespeople, usually employed by a manufacturer, who assist the producer’s customers in selling to their own customers.”
Trade salespeople*
“Salespeople primarily involved mainly in helping a producer’s customers promote a product.”
Technical salespeople*
“Support salespeople who give technical assistance to a firm’s current customers.”
Virtual selling*
“The collection of processes and tools that allow salespeople to remotely connect with customers through both real-time and asynchronous communications.”
Team selling*
“The use of a team of experts from all functional areas of a firm, led by a salesperson, to conduct the personal selling process.”
Relationship selling*
“The building of mutually beneficial long-term associations with a customer through regular communications over prolonged periods of time.”
Straight salary compensation plan*
“Paying salespeople a specific amount per time period, regardless of selling effort.”
Straight commission compensation plan*
“Paying salespeople according to the amount of their sales in a given time period.”
Combination compensation plan*
“Paying salespeople a fixed salary plus a commission based on sales volume.”