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Vocabulary Basics for Business [Electronic resources] - نسخه متنی

Barbara G. Cox

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Wholesale and Retail Sales



Green Growers



Mr. Sam Tobias
Daisy Distributors
Green Lake, XX
Dear Distributor:
This spring's exceptionally good weather resulted in a 10 percent
increase in our harvest of Delight Daffodils and a nearly 12 percent
increase of Bronze Irises. As a result of this season's good flower
production, we are pleased to reduce our wholesale prices by 10
percent for this year's orders. Our new wholesale prices for these
two varieties are shown below.
Delight Daffodils $4.00 per dozen stems Minimum order: 100 dozen
Bronze Irises $6.00 per dozen stems Minimum order: 60 dozen

Daisy Distributors



Mr. Ray Garza
Garza's Flower Shop
Blue River, XX
Dear Mr. Garza:
We are pleased to inform you that we have an exceptionally fine
offer on Delight Daffodils and Bronze Irises this month. Please see
our wholesale prices below and let us know how many of these two
great varieties you would like to add to your flower order for next
week's shipment.
Delight Daffodils Bronze Irises
$8.00 per dozen stems $12.00 per dozen stems
Minimum order: 10 dozen Minimum order: 6 dozen



GARZA'S FLOWER SHOP





Spring is here! Nothing will welcome spring into your home bet-
ter than an elegant spring arrangement from Garza's Flower Shop.
Select from one of the wonderful designs on display in our shop
this week, or come in for individual stems to create your own
spring welcome! Our special stems this week are Delight Daf-
fodils and Bronze Irises.
Delight Daffodils $1.20 each (or buy a dozen for $12 and save
$2.40)
Bronze Iris $1.80 each (or buy a dozen for $19 and save
$2.60)
Come in today! You won't find lower retail prices anywhere in the
city!



WHAT DO YOU KNOW?



Circle T or F to indicate whether each of the following statements is true or false.













Q1













T




F




1. Daisy Distributors buys flowers wholesale for one price and sells them wholesale for another price.




A1:


Manufacturers usually sell their goods wholesale. They sell them wholesale to distributors who then sell them wholesale to retailers who then sell them retail to the ultimate purchasers. Sometimes manufacturers sell their goods wholesale directly to the retailers, without using distributors. Retailers buy goods wholesale from distributors wholesalersand then sell them retail, increasing the price to cover their costs plus a profit.


True. Daisy Distributors buys flowers in bulk from the grower at a wholesale price. Then Daisy Distributors sells those flowers to flower shops in bulkalthough in somewhat smaller quantitiesfor the shops to resell. Daisy Distributors sells the flowers for some amount more than what they paid for them.


Q2













T




F




2. Green Growers sells flowers retail to Daisy Distributors.




A2:


False. The grower sells flowers wholesale to the distributor.


Q3













T




F




3. Garza's Flower Shop sells flowers retail to consumers.




A3:


True. Garza's Flower Shop is the retailer that sells to the end users or purchasers.


Q4













T




F




4. Garza's Flower Shop sells flowers retail to distributors.




A4:


False. Garza's Flower Shop does not sell to the distributor. Garza's buys from the distributor.


Q5













T




F




5. Green Growers sells flowers wholesale and Daisy Distributors sells flowers wholesale.




A5:


True. The grower sells the flowers wholesale to the distributor and the distributor sells them wholesale to the retailer.






TERMS RELATED TO WHOLESALE AND RETAIL SALES



wholesale
selling in bulk, or large quantity, usually to someone or some company for purposes of reselling. Some wholesalers are middlemen or distributors who buy from the manufacturer and then sell to retailers.


retail
selling to an end user or ultimate consumer


bulk sales
sales of items in large quantity



Customer Support



SUNSHINE EQUIPMENT COMPANY
Internal Memorandum
TO: Rich Andrews, VP Sales
FROM: Rob Jones
SUBJECT: Customer Meeting with Susan Smith
Earlier this week I met with Susan Smith, the operations manager at
Primary Presses Company. I used the consultative selling approach by
asking her about the company's needs or problems. We discussed their
need to improve the efficiency of their equipment. I suggested that
they could solve their low output problem by upgrading the feeder
systems rather than the entire machines. This will improve their
output and save them the extremely high expense of new machines.
I gave Susan information on the model XL4073D feeders. The
pamphlet entitled "Facts about Your Feeders" is our features-and-
benefits analysis for this model. It includes a list of the key
features of this model and outlines ways in which this particular
press can save the customer's space, reduce noise levels, and add
time to the day!
Other sales collaterals that I left with Susan included the
company brochure emphasizing our excellent customer service and low
repair record, the product description sheets for the new XL651
integrated system, and a desk calendar for next year.
I expect to follow up with this client on the 6th of next month.



WHAT DO YOU KNOW?



Circle T or F to indicate whether each of the following statements is true or false.













Q1













T




F




1. Rob Jones uses consultative selling strategies to sell his company's products.




A1:


True. Rob Jones identified the customer's problem of low output and their need to avoid spending huge amounts of money. Then he acted like a consultant by suggesting ways to do these.


Q2













T




F




2. Rob Jones tries to help solve his customers' problems.




A2:


True. Trying to solve customers' problems is the key part of consultative selling.


Q3













T




F




3. Saving space is an example of a feature.




A3:


False. "A small footprint" or "14 square inches" would be features. Saving space is the benefit.


Q4













T




F




4. Saving space is an example of a benefit.




A4:


True. Saving space is a benefit.


Q5













T




F




5. Sales collaterals are junior sales representatives.




A5:


False. Sales collaterals are materials that support the sales of a product or service.






TERMS RELATED TO CUSTOMER SUPPORT



consultative selling
a style of selling characterized by acting as a consultant to the customer, that is, helping the customer solve problems


sales collaterals
materials that support selling, such as price lists, brochures, or calendars, tablets, pens, and other items with advertising


features-and-benefits analysis
list(s) of characteristics (features) of a product or ser vice that help distinguish them from other products or services; lists of ways in which a product or service will help the customer, solve a problem, etc. (benefits)



Personal Selling



Interview (Partial Transcript)


Ms. Russell, Sales Manager at Russell Machine Company:
Tell me, Mr. Evans, how you see the difference between a "lead" and a "prospect" for our company.


Mr. Evans, Job Applicant:
A lead is just a name or a name and contact information. A prospect is someone who has a need for your product or service and also has the resources to purchase your machines. Also, a true prospect has the authority to make the decision to buy. I'd also use another category"qualified prospects." These are the prospects who have potential for a sale large enough to justify my spending time and other resources to sell to them.


Ms. Russell:
For a company like ours, how would you go about prospecting?


Mr. Evans:
For this company, I would identify prospects by getting referrals from existing customers, sending direct-mail promotions to companies that use this type of product, and making contacts at trade shows.


Ms. Russell:
Why do you think you were successful at your last company?


Mr. Evans:
After I have identified prospects, I do very thorough preparation and preapproach planning. By this I mean that before I contact a prospect, I study as much information about that person or company as I can obtain. I make notes on how the product meets needs that the prospect might have. And I practice my presentation before every sales call. One other thing I do is try to predict all of the objections that the prospect might have. Then I develop the best answer or information to overcome the objections. I listen to prospects very carefully because I know they often have objections or excuses to avoid making decisions.


Ms. Russell:
What about closing, Mr. Evans? After all, your record is only as good as your closings.


Mr. Evans:
I see the close as the process of helping people make a decision. I help by asking them to buy. Sometimes I just ask them to say yes. Other times I put a purchase agreement before them and ask them to sign it. But I always do something that helps them make the decision to buy.



WHAT DO YOU KNOW?



Circle T or F to indicate whether each of the following statements is true or false.













Q1













T




F




1. A sales lead and a prospect are the same.




A1:


False. A lead may or may not become a prospect. A prospect is a person or company that has a need for the product or service, the resources to purchase it, and the authority to make the decision.


Q2













T




F




2. Sales prospecting refers to various processes of identifying potential customers.




A2:


True. Prospecting consists of various activities used to identify potential customers or "prospects."


Q3













T




F




3. In the selling process, preapproach activities are those done before prospecting.




A3:


False. Preapproach activities are those done prior to actually approaching the prospect to request an appointment or make a sales presentation.


Q4













T




F




4. Closing refers to when a customer or future customer closes the door on a sales representative.




A4:


False. Closing refers to the process of helping a potential buyer make the decision to buy, often by asking for the business or sale.


Q5













T




F




5. Sales representatives don't have to worry about prospects' objections. Either the prospects will buy or they won't.




A5:


False. Overcoming objections is a common part of the sales process and sales-people must develop these skills also.






TERMS RELATED TO PERSONAL SELLING



prospect
a person or company who has a need for the product or service, the resources to purchase it, and the authority to make the decision


prospecting
the process of identifying potential customers or clients


preapproach activities
the part of the selling process devoted to planning and preparation to ask for an appointment or make a sales presentation


overcoming objections
responding to a prospect's objections in such a way that the obstacles to the sale are removed


closing
helping a prospect make the decision to buy





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