MCQ Bank
Follow the principles of selling, follow sales process and explain sales requirements in one step; are guidelines for which of the following stage of buying process:
- A) Search
- B) Obtain
- C) Visit
- D) Purchase
‘Availability for the customer’, ‘periodic maintenance of sold item’, ‘maintenance of periodic communication’ and ‘ongoing updates about the company’s products’; are all characteristics of which pillar of sales support
- A) Dealing with dissatisfaction
- B) Manage the implementation
- C) Relationship enhancement
- D) Support the buying decision
In LSCPA technique to satisfy customer’s concern, L stands for:
- A) Leverage
- B) Lucrative
- C) Listen
- D) Long term relationship
SVPOO stands for
- A) Search, Visit, Purchase, Obtain, Own
- B) Solution, Vision, Problem Solution, Ownership, Obedience
- C) Solution, Visit, Post Purchase Behavior, Obtain, Own
- D) Search, Vision, Purchase, Obtain, Own
‘Customer’s profitability’, ‘call planning as top priority’ and ‘contact time is spent to make problem solving environment setup’ are the characteristics of which type of sales technique:
- A) Transactional selling
- B) Enterprise selling
- C) Both Transactional and enterprise selling
- D) None of the given options
When a sales person tries to justify the solution and to satisfy the customer; this relates to which step of the interaction stage:
- A) Presentation
- B) Relating or Introduction
- C) Need discovery
- D) Advocating
We straightforwardly ask the customer about the order in _____________ type of closing the sales:
- A) Alternate choice close
- B) Direct method
- C) Summary close
- D) Single objection close
Manage customer expectations, follow up with customer, under promise and over deliver and ensure quality checks at the time of delivery; are guidelines for which of the following stage of buying process:
- A) Obtain
- B) Purchase
- C) Search
- D) Visit
In sales funnel technique, the sales closure probability of the hot customers is
- A) 90%
- B) 100%
- C) 50%
- D) 75%
Which are the 5 correct stages of relationship between seller and buyer:
- A) Awareness, Exploration, Expansion, Commitment, Dissolution
- B) All the provided options are incorrect
- C) Awareness, Exploitation, Expansion, Communication, Dissolution
- D) Awareness, Exploration, Extension, Commitment, Dissatisfaction
All are types of territory management techniques except
- A) Sales funnel
- B) ABC account classification
- C) Profitability analysis
- D) Sales response function
We arrange customers on the basis of sales volume which of the following territory management technique
- A) Portfolio analysis
- B) ABC account classification
- C) Sales response function
- D) Sales funnel
Having access to money, power to release money and having the veto power are the characteristics of which type of members in the buying center of the organization:
- A) Advocates
- B) User buyers
- C) Technical buyers
- D) Economic buyers
All the people involved in purchase decision, formally or informally, they combine to make __________________ of the organization
- A) None of the given options
- B) Buying center
- C) Business center
- D) Shopping Center
In ABC classification, which is true for A category classification of the customers?
- A) None of the given options
- B) 65% customers 15% Sales
- C) 15% customers 65% sales
- D) 20% customers 20% Sales
All are the relationship binders except:
- A) Building trust
- B) Relationship dissolution
- C) Managing expectations
- D) Value creation
In sales funnel technique, the sales closure probability of the hot customers is in between
- A) 95-100%
- B) 10-20%
- C) 75-50%
- D) 95-85%
On the basis of research, what percentage of time is wasted by a sales person on travelling and waiting?
- A) 17%
- B) 5%
- C) 13%
- D) 29%
In ABC classification, which is true for C category classification of the customers?
- A) 65% customers 15% Sales
- B) 15% customers 65% sales
- C) 20% customers 20% Sales
- D) None of the given options
Introduction of new products to the existing market refers to
- A) Diversification
- B) Market development
- C) Market penetration
- D) Product development