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Wrap it Up
SE-107
19
Marketing
11th Grade
02/11/2014

Additional Marketing Flashcards

 


 

Cards

Term
Assumption Close
Definition
A closing technique in which the salesperson takes for granted that the customers agree with all that has been said in the presentation and that they will buy
Term
Bonus Close
Definition
A closing technique in which customers are offered something extra for buying immediately
Term
Choice Close
Definition
A closing technique in which the salesperson helps the customer reach a buying decision by reducing the number of items from which to choose, and then asking the customer to choose between the remaining ones
Term
Closing on Objections
Definition
A closing technique in which a salesperson answers a customer’s objection so that the customer no longer has a reason not to buy
Term
Commission
Definition
A percentage of the total sale amount paid to the individual or business that makes the sale
Term
Contingent Close
Definition
A closing technique that depends upon the salesperson’s proving a point to the customer to remove obstacles to the sale
Term
Contrasting advantages and disadvantages close
Definition
A closing technique that involves comparing a product’s pros and cons
Term
Direct Close
Definition
The most simple and natural of all closing techniques; involves merely asking the customer to buy
Term
Incentive
Definition
A motivator (in sales, for example, a monetary bonus for reaching a certain goal
Term
Minor-points close
Definition
A closing technique that involves getting the customer to make minor decisions about a purchase before asking for the major decision of whether to buy or not; also known as stimulus-response close
Term
Narrative Close
Definition
A closing technique in which the salesperson tells a story about other people who successfully made a buying decision and how the product solved their problem
Term
Objection
Definition
A point of difference between a customer and a salesperson that may prevent a sale; the customer’s reason for not buying
Term
Related Product Close
Definition
A closing technique that uses products that go with them being presented to help customers make buying decisions
Term
Sales Close
Definition
The point in the selling process 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
Silent Close
Definition
A closing technique in which the salesperson stops talking after the presentation to allow the customer time to think and to respond
Term
Standing-room-only close (SRO)
Definition
A closing technique in which the salesperson creates a sense of urgency to buy by mentioning that the item being presented is one-of-a-kind or in limited supply
Term
Suggesting ownership close
Definition
A closing technique in which the salesperson stresses the enjoyment or the benefits the customer will enjoy from owning a product
Term
Summary Close
Definition
A closing technique in which the salesperson reviews a product’s features and benefits at the conclusion of the presentation
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