- web.groovymark@gmail.com
- December 8, 2024
Question 21
Which of the following best defines “Prospecting”?
a) Offering a higher-end product to a customer
b) The first step in the sales process where potential customers are identified
c) Conducting surveys to gather customer feedback
d) Providing after-sales service to existing customers
Answer: b) The first step in the sales process where potential customers are identified
Explanation: Prospecting involves searching for potential customers (prospects) who may be interested in the products or services offered.
Question 22
What is a key characteristic of “Analytical Social Style”?
a) High responsiveness and high assertiveness
b) Low responsiveness and high assertiveness
c) High responsiveness and low assertiveness
d) Low responsiveness and low assertiveness
Answer: d) Low responsiveness and low assertiveness
Explanation: Analytical social style is characterized by a focus on data, facts, and logic, with low responsiveness to emotions and assertiveness in communication.
Question 23
Which of the following best defines “Drivers” in the Social Style Matrix?
a) People who rely on emotions to make decisions
b) People who are low in responsiveness and high in assertiveness
c) People who prioritize personal relationships over data
d) People who need detailed explanations before making decisions
Answer: b) People who are low in responsiveness and high in assertiveness
Explanation: Drivers focus on results and are task-oriented, making decisions quickly and efficiently, often without needing to form personal connections.
Question 24
What does “Expressives” social style focus on?
a) Data and detailed facts
b) Building personal connections and seeking recognition
c) Making quick decisions with minimal information
d) Analyzing every detail before committing
Answer: b) Building personal connections and seeking recognition
Explanation: Expressives are highly responsive and assertive, focusing on forming relationships, seeking recognition, and being enthusiastic about new ideas.
Question 25
What is the primary focus of “Consultative Selling”?
a) Closing a sale as quickly as possible
b) Understanding the customer’s needs and offering tailored solutions
c) Offering discounts to increase sales
d) Targeting as many customers as possible
Answer: b) Understanding the customer’s needs and offering tailored solutions
Explanation: Consultative selling focuses on building trust with the customer by listening to their needs and offering personalized solutions, positioning the seller as an advisor.
Question 26
What does “Customer Lifetime Value” (CLV) help businesses predict?
a) The likelihood of customers returning a product
b) The potential profitability of a customer over the entire relationship
c) The average amount spent by a customer on a single purchase
d) The number of referrals generated by a single customer
Answer: b) The potential profitability of a customer over the entire relationship
Explanation: CLV estimates the total net profit a business can expect from a customer throughout the duration of their relationship with the company.
Question 27
Which of the following best describes “Value Proposition”?
a) The cost of producing a product
b) The benefits a product offers to customers that make it appealing
c) A company’s revenue model
d) The quality of customer service
Answer: b) The benefits a product offers to customers that make it appealing
Explanation: A value proposition explains why a customer should choose a product or service, highlighting its unique benefits compared to alternatives.
Question 28
What is the purpose of the “Promotional Mix”?
a) To determine the pricing strategy for a product
b) To blend different promotional tools like advertising and public relations
c) To develop the product’s features
d) To calculate the total revenue generated from a product
Answer: b) To blend different promotional tools like advertising and public relations
Explanation: The promotional mix combines different methods such as advertising, sales promotion, and public relations to effectively promote a product or service.
Question 29
Which of the following is a key element of “Inbound Marketing”?
a) Cold calling potential customers
b) Pushing products through aggressive advertising
c) Attracting customers through valuable content and engagement
d) Offering discounts to entice new customers
Answer: c) Attracting customers through valuable content and engagement
Explanation: Inbound marketing focuses on attracting potential customers by creating valuable content, social media engagement, and other non-intrusive methods.
Question 30
What is the purpose of the “AIDA Model”?
a) To analyze customer satisfaction
b) To explain the steps a customer takes from awareness to purchase
c) To develop long-term customer relationships
d) To create product pricing strategies
Answer: b) To explain the steps a customer takes from awareness to purchase
Explanation: The AIDA model outlines the stages of customer engagement—Attention, Interest, Desire, and Action—leading to a purchase.
Question 31
Which social style is characterized by high responsiveness and high assertiveness?
a) Amiable
b) Expressive
c) Analytical
d) Driver
Answer: b) Expressive
Explanation: Expressive individuals are both assertive and responsive, seeking recognition and building relationships, often focusing on the big picture.
Question 32
What does the “Law of Psychological Reciprocity” state?
a) People are more likely to purchase a product after receiving a discount
b) Customers tend to return to businesses they trust
c) When someone does something nice for you, you feel compelled to return the favor
d) People prefer to buy from businesses with excellent customer service
Answer: c) When someone does something nice for you, you feel compelled to return the favor
Explanation: The Law of Psychological Reciprocity suggests that positive actions often lead to a deep-rooted psychological urge to reciprocate.
Question 33
What is the first step in the Six-Step Buying Process?
a) Defining the need
b) Placing an order
c) Recognizing the need
d) Searching for suppliers
Answer: c) Recognizing the need
Explanation: The buying process begins when a buyer or organization identifies a need that can be addressed by purchasing a product or service.
Question 34
Which of the following describes “Social Style Matrix”?
a) A framework used to classify people based on their social media usage
b) A model that categorizes people according to personality traits and how they interact with others
c) A method used for targeting customers based on their geographic location
d) A way of classifying customers based on their buying history
Answer: b) A model that categorizes people according to personality traits and how they interact with others
Explanation: The Social Style Matrix classifies individuals into categories (Analytical, Driver, Amiable, and Expressive) based on their assertiveness and responsiveness.
Question 35
What is the main focus of “Analytical Social Style”?
a) Building personal connections
b) Taking quick action
c) Gathering and analyzing detailed information
d) Focusing on emotional responses
Answer: c) Gathering and analyzing detailed information
Explanation: People with an Analytical social style prioritize data, facts, and accuracy in decision-making, focusing on the “how” and requiring in-depth information.
Question 36
What is the purpose of “Consultative Selling”?
a) To achieve fast sales through discounts
b) To build a trusted relationship with the customer and provide tailored solutions
c) To push products based on price
d) To offer a range of products with varying features
Answer: b) To build a trusted relationship with the customer and provide tailored solutions
Explanation: Consultative selling focuses on understanding the customer’s needs and acting as an advisor, building long-term trust.
Question 37
What does the “Six-Step Buying Process” emphasize?
a) The relationship between buyer and seller continues after the purchase
b) The customer’s journey ends after the first purchase
c) The importance of discounts in making a sale
d) How to close a sale quickly
Answer: a) The relationship between buyer and seller continues after the purchase
Explanation: The Six-Step Buying Process emphasizes nurturing long-term relationships with customers, encouraging repeat purchases and loyalty.
Question 38
Which of the following is a feature of “Transactional Selling”?
a) Building long-term relationships
b) Focusing on a one-time, quick sale
c) Offering tailored solutions
d) Understanding the customer’s emotional needs
Answer: b) Focusing on a one-time, quick sale
Explanation: Transactional selling is characterized by focusing on closing sales quickly, without attempting to build long-term customer relationships.
Question 39
What is “Customer Journey Mapping”?
a) The process of designing a sales pitch
b) Understanding and mapping out the steps a customer takes from awareness to purchase
c) The method of tracking customer feedback
d) A tool used for designing marketing materials
Answer: b) Understanding and mapping out the steps a customer takes from awareness to purchase
Explanation: Customer journey mapping helps businesses understand the touchpoints a customer goes through, from initial awareness to making a purchase.
Question 40
What does the “AIDA” acronym represent?
a) Awareness, Interest, Decision, and Action
b) Attraction, Information, Decision, and Attention
c) Attention, Interest, Desire, and Action
d) Awareness, Intention, Delivery, and Acceptance
Answer: c) Attention, Interest, Desire, and Action
Explanation: AIDA represents the stages a customer goes through during the buying process, moving from Attention to taking Action to purchase the product.