Shared Flashcard Set

Details

Beyond the sale
N/A
17
Marketing
9th Grade
11/21/2013

Additional Marketing Flashcards

 


 

Cards

Term

Advertising

Definition

 Any paid form of non-personal presentation of ideas, images, goods, or services

Term

Credit

Definition

The arrangement by which businesses or individuals can purchase now and pay later

Term

Customer feedback

Definition
 Evaluative or corrective information given by the customer to the salesperson
Term

Customer loyalty 

Definition
The customer’s preference for a business; usually expressed in regular purchases from the business
Term

Customer satisfaction

Definition
A measure of how well a business has met its customers’ expectations
Term

Customer service 

Definition
Activities and benefits provided by a business to its customers to create goodwill and customer satisfaction
Term

Customers

Definition
The people who buy goods and services
Term

Profit

Definition
Monetary reward a business owner receives for taking the risk involved in investing in a business; income left once all expenses are paid
Term

Prospect

Definition
Any person or business with the potential to purchase a good, service, or idea; qualified lead
Term

Repeat business

Definition
Customers who continue to buy from a company, salesperson, etc.
Term

Reputation

Definition

A person’s or business’s good name; quality of character

Term

Sales

Definition

A career that involves responding to consumer needs and wants through planned, personalized communications intended to influence purchase decisions and ensure satisfaction

Term

Sales close

Definition

The point in a sales presentation at which the customer makes a favorable buying decision

Term

Sales presentation

Definition

The sales procedure in which the salesperson shows the customer the benefits of the product’s features; includes the sales dialogue and product demonstration

Term

Salesperson

Definition

An individual employed to advance and/or facilitate the exchange of a good or service

Term

Suggestion selling

Definition

A sales technique in which the salesperson attempts to increase the customer’s purchase by recommending additional items after the original decision to buy has been made

Term

Warranty

Definition

A promise made by the seller to the consumer that the seller will repair or replace a product that does not perform as expected

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