Download - Marketing Obj. 2.01 Sell Away
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Explain the nature & scope of the selling functionMarketing 1.02A Notes
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What is Selling? Selling is responding to consumer needs
and wants through planned, personalized communication in order to influence purchase decisions and ensure satisfaction. Planned communication Personalized communication Influences purchase decisions Should ensure customer satisfaction
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Individuals that sell A farmer sells produce at
a roadside stand An artisan sells handmade
baskets at a craft show A doctor treats a patient A retailer sells a DVD
player A hairstylist gives a
haircut An accountant prepares a
customer’s tax forms
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Groups that sell Department stores buy shoes to resell to
customers Wholesaler buys candy to resell at a
grocery store College bookstore buys books to resell
to students
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Organizations/Agencies that sell for use in operations Some are used to produce other goods
Pizza restaurant buying pepperoni for its pizza Furniture manufacturer buys fabric to use on
its chairs/sofas Some are used for general operating
purposes Pizza restaurant purchases ovens to bake its
pizzas in Furniture manufacturer purchases trucks for
delivering its products to wholesalers and retailers
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Types of Items Sold Tangible products are those items that
can be touched, smelled, tasted, seen or heard. Clothes Houses Food DVDs
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Types of Items Sold Intangible products are productive
activities that we pay someone else to perform
They are services provided to customers Dry cleaning Lawn care Health care
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Tangible & Intangible Items Tangible products have intangible
aspects to them Intangible products have tangible
aspects attached to them as well A diamond engagement ring is tangible,
but it signifies many intangible feelings and emotions, such as love and commitment.
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Where Selling Occurs Selling happens anywhere person-to-
person contact is made. Over the phone On the doorstep of a person’s home At a customer’s place of business In a store or office
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How Products Are Sold Some goods and services
are sold directly to the consumer or user without the use of a wholesaler or retailer. Selling magazines door-to-
door Selling candy to friends
and relatives to raise money for a student organization
Selling products such as cosmetics and Tupperware through home shows
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How Products Are Sold Goods and services sold indirectly to the
consumer by intermediaries (wholesalers & retailers) Video stores purchase from suppliers and
then sell or rent DVDs to customers An athlete’s agent gets him/her a five-yr
contract with a professional sports team
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Role of Selling in a Market Economy Selling keeps our economy moving
Businesses buy resources (natural, human, capital) to be used in the production of goods and services and sell to the market that wants them Manufacturers Wholesalers Retailers Individuals and households
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Role of Selling in a Market Economy Individuals sell their resources to
businesses to help in the production of goods and services
No economic flow Keeps our economy moving
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Role of Selling in a Market Economy Selling promotes competition
All businesses compete for scarce customer dollars
Sell the most products + satisfy customer needs + best prices = success
Develop new or improved products to make more sales than their competitors
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Roles of Selling in a Market Economy Selling affects employment
Jobs depend on making sales Businesses grow, more salespeople are
hired to keep up with the demand of products Example: Starbucks
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Roles of Selling in a Market Economy Selling adds utility.
Products can be “in the right place at the right time”
Creating customer desire Suggest accessories to go with an outfit
Selling helps customers determine needs Enables customers to receive help with their
buying problems Customers can determine their needs and
select products that are right for them
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Roles of Selling in a Market Economy Selling creates desire for products
Create desire for new or established products Determine customers’ needs, wants, and
buying motives Explaining product features and benefits to
customers Heightening their desire through the use of
demonstrations
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Characteristics of a Successful Salespeople Education and Training Self-Motivation Self-Confidence Product Knowledge Customer Knowledge Ethics Persistence and Patience Selling Skills
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Characteristics of Successful Salespeople Belief in selling as a service Communication Skills Creativity Personal Appearance