www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 notes and practice questions

55
www.textbookwizards.com/mktg 2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions www.textbookwizards.com/4ps.p pt www.textbookwizards.com/1.00. ppt

Upload: britney-mcdonald

Post on 11-Jan-2016

228 views

Category:

Documents


3 download

TRANSCRIPT

Page 1: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

www.textbookwizards.com/mktg2.00.ppt

2.00 practice questions

1.00 Notes and Practice Questions

www.textbookwizards.com/4ps.ppt

www.textbookwizards.com/1.00.ppt

Page 2: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

1.00 Test Corrections• Answer Key

• www.textbookwizards.com/test1.docx• Your answers

• www.textbookwizards.com/answersmktg.xlsx• Find the questions you got incorrect and complete

test corrections for each missed question• In order to get half the points back you have to

explain why the correct answer is the right choice and you have to explain why your answer was incorrect (2 sentences for each question)

Page 3: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Indicator 2.01 – Acquire the foundational knowledge of selling

and understand its nature and scope.

Page 4: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

BUYING MOTIVES

• Emotional – based on emotion (ex. Social approval, recognition, power, love, prestige)

• Rational – conscious, logical reasons for purchase (ex. Saves time or money, quality, service)

Page 5: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Emotional vs. Rational Quiz• Get out a piece of paper. Number it 1-10. Put your

Lunch Number at the top. Decide if the motive to buy it is emotional or rational. 1. Bread2. Jewelry3. I pad 24. Water5. Flowers6. Gasoline7. Soap8. Chocolate9. Clothes10. Rent

Page 6: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Exchange your paper with your neighbor

• You are going to grade your neighbors paper as we go over the answers.

• Each question is worth 10 points• Write the score on the paper and give it back

your neighbor• Each grade will be recorded

Page 7: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

CUSTOMER SERVICE = RELATIONSHIPS

• Maintain Relationships– Happy customers will return and refer you to

their friends– It is more expensive to replace a customer

than it is to maintain one, so repeat business is crucial.

– Create Loyalty through Rewards

Page 8: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Examples of Loyalty Programs

• Harris Teeter Vic Card• Food Lion MVP• Best Buy Reward Zone• Sheetz card• American Advantage from American Airlines• Thank you points from Citi Bank• Lowes Food Card• Subway Card

Page 9: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Customer Loyalty Program

Open Microsoft WordUse the internet to research the following:Choose any company rewards or loyalty

program that you would like to research.What business is the program for?What are the rewards?How can the customer receive these rewards?Is this program an effective way to entice buyers to

do business with the company? If so, why?

Page 10: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

WHAT IS SELLING? Cornell Notes

• Responding to a consumer needs and wants through planned, personalized communication in order to influence purchase decisions and ensure satisfaction.

– Planned – learn about the product– Personalized – interaction with the customer– Influence – help the customer make decisions– Satisfaction – means repeat business

WHO SELLS?EVERY BUSINESS SELLS!

Page 11: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

CHARACTERISTICS OF A GOOD SALESPERSON• Product knowledge – Knowing and understanding the product• Ethical standards – Believing in some level of moral values (ex.

right vs. wrong)• Selling skills – Ability to get people to buy something• Belief in selling as a service – Idea that you aren’t selling an

item, you’re selling an improvement the buyer’s life• Personal appearance – Did they use their appearance to help

selling process (Clean-cut, uniform, Doctor’s jacket)• Communication skills – Ability to get your message across

effectively• Creativity – Imagination in the product design or the selling

presentation• Self-confidence – Belief in one’s self to help promote and sell

the product

Page 12: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Famous Sales People Activity• Richard Warren Sears• Meg Whitman• Billy Mays• Thomas Edison• Ronald Reagan• David Hall McConnell• Chuck Taylor• Steve Jobs• Richard Branson

1. Please research each item below in relation to the salesman. (1-8)

2. How did they demonstrate this characteristic? Please give examples.

3. You will create a PowerPoint and Outline about your groups Sales Person. You can only use relevant images and the words listed to the left (1-8) in your PowerPoint!

4. Put the things you will say into a handwritten/typed outline, or in the notes section of your PPT.

1. Product knowledge2. Ethical standards3. Selling skills4. Belief in selling as a service5. Personal appearance6. Communication skills7. Creativity8. Self-confidence

Page 13: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

CUSTOMER SERVICEPROCESS V. FUNCTION

• Customer Service Process– an attitude that customer satisfaction always comes first

• Customer Services Function – a department or a function of an organization that responds to complaints from customers

Page 14: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

HOW CAN CUSTOMER SERVICE HELP YOU BEAT YOUR COMPETITION?

• Over time, the quality of products can be easily matched among competitors. Therefore customer service becomes key!

Page 15: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

CUSTOMER SERVICE IN THE PRE-SALE

• Efforts BEFORE the customer is acquired.1. Obtain/maintain data of customers2. Gain product knowledge (Learn the features

and benefits unique to the brands you sell)3. Providing ample product information4. Stay abreast of the market

Page 16: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

CUSTOMER SERVICE IN THE POST-SALE

• Efforts after the sale to ensure the customer is happy. – Follow-up

• Call to make sure the products are satisfactory– Ensure satisfaction, call, card, email– Handle inquiries and complaints, keep customers satisfies– Live up to the promises

– Post Sales Surveys / Comment Cards

Page 17: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

1. Zappos.com2. Southwest Airlines3. LL Bean

4. Nordstrom5. Amazon6. Overstock.com7. Kohl’s

Pick a group of no more than 3Research the companyCreate an outline with the company’s background and info

(product and business strategies)In the outline, the focus should be on customer-service

strategies in detail (Pre-Sale, During the Sale, and Post-Sale).

Turn your outline in to a 10 slide PowerPoint using only headers and images (no more than 100 words for the entire presentation). You must elaborate and inform us during your presentation. Email me the finished product at [email protected] for credit.

Companies with Great Customer Service Project

Page 18: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Customer Service Quiz

• LL Bean• Nordstrom

AmazonKohl’s

Pull out a piece of paperWrite down each company and then write

down a customer service strategy for each of those companies.

Do not talk during the quiz or you will receive a zero!

Page 19: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

SELLING ACTIVITY POLICIES

• Selling policies: guidelines for selling. How will products be sold?– Characteristics

• Enforced with reasonable firmness• Not based on status• Helps take pressure off of individual salespeople in

situations like returns and complaints• Keep them consistent, don’t change them repeatedly

Page 20: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

SERVICE POLICIES• Service policies: guidelines for

servicing customers. WHY ARE SELLING POLICIES IMPORTANT?

Selling policies standardize sales (make them consistent).

Protects the company, legally in terms of laws like the one below.

Robinson-Patman Act  says you can not price discriminate. Everyone pays the same price.

Page 21: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

EXTERNAL factors that affect selling policies

• City, county, state and/or Federal regulations.• Competitors’ actions.• Changes in customer expectations.• Changes in costs of producing the products or getting

materials

Internal•Depends on the Nature of the Business.•Research efforts•Financial resources•Sales quotas.•Controlling expenses related to employees•Changes in goals.

Page 22: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

PROBLEMS with selling policies

• Policies cover specific circumstances, so some situations will not fit the current policies.

• Mis-interpretation by a salesperson.• Some customers will ask for exceptions to

policies in exchange for increased business or because of a history with your company.

Page 23: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Selling Policieswww.textbookwizards.com/selling.ppt

• Read over slides 19-23 and answer the following questions in complete sentences (word document or written on paper for your notebook)

• You can use personal experiences, class activities, or examples to defend your points.

• Each answer should be at least 3 well thought out sentences1. What are some of the purposes of having business policies?

Why do these purposes matter?2. What are some factors that affect a business’ selection of

policies to guide its operations? Why do they matter?3. What is the difference between internal and external?

Explain.

Page 24: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

ROLES OF SELLING IN OUR ECONOMYKeeps the economy moving

Flow of buying and sellingPromotes competitionAffect employment

More sales = growing business = more hiresAdds utility

Usefulness of the productHelps determine customers needs

Two way communicationCreates a desire for products

Appeal to reasons that customers buy• In your opinion, which of these roles of selling is the

most important. Write a paragraph (5 to 7) sentences explaining and defending this opinion (word document or written on paper, include in your notebook). You have 10 minutes to complete this.

Page 25: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

2.02 – FOSTER positive relationships with customers to

enhance company image.

Page 26: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Different Ways employees demonstrate customer-service orientation.

• Ask the customers when it would be convenient to call them

• Greet the person promptly and courteously.

• Pay attention to the person. • Ask questions to determine the

person's needs. • Listen carefully and empathizes

with the person's concerns. • Offers relevant information. • Summarizes to check for

understanding. • Acts or agrees on a clear course of

action. • Devote their full attention to

customers

• Tries to do better than expected. • Asks questions to check for

satisfaction. • Follows through. • Thanks the individual. • Takes surveys to determine people's

needs. • Is courteous to citizens, clients,

patients, etc. • Does not "pass the buck.” (Play the

“blame” game)• Make sure you clearly understand

customers' inquiries • Make sure the mistake is corrected

Page 27: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Procedures for reinforcing a service orientation through communication

• Use customer surveys to pinpoint areas for improvement

• Use employee surveys to pinpoint areas for improvement

• Develop a follow up procedure to determine levels of customer satisfaction after the sale

Page 28: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Importance of exhibiting a customer-service mindset

Positives:• Customer satisfaction = Profit• Builds positive relationships with customers• Goodwill/positive feelings develop• Gathers information about customer buying

decisionsNegatives (Consequences of failing to do it):

• loss of sales• markdowns and sales returns• delays in sales

Page 29: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Search on Google Images for a Job Description

Page 30: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Job Description•Think of a job in Marketing (Look through your Marketing Careers activities from 1.00 for ideas!)•Search on Google Images for a Job Description•Read slides 26-29 and complete the following activity•CREATE your own job description that includes 10 ways or statements that an employee in that role could use to reinforce a service orientation through communication (There are over 20 examples on slide 26 alone).•Look at examples online and then craft your own professional Job Description. It can be for any position related to Marketing. This is an individual assignment. You can use Word Templates to help!

Page 31: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Identify beliefs held by employees who have a customer-service mindset

• Fostering positive customer interactions vs. negative

• View negative customer interactions as a way to identify customer’s needs

• View your work through the eyes of the customer

• Define your functions with the customer in mind

Page 32: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Guidelines for exhibiting customer-service mindset

• Measure regularly through customer feedback• Measure internally for employee satisfaction• Customer satisfaction = employee bonuses

(incentives)• Link customer satisfaction to other business

goals

Page 33: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Demonstrate a customer-service mindset

• Employee shows clear, relentless, unwavering focus on the customers.

• Internal customer (co-workers) satisfaction is important

• Listening to and understanding the customer. Customer satisfaction is high priority.

Service orientation

Page 34: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

2.03Stew’s Rules

• Rule #1 – The customer is always right!• Rule #2 – If the customer is ever wrong,

reread Rule #1

Page 35: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

How to deal with difficult customers

1.Disagreeable2.Domineering/Superior

3.Suspicious4.Slow/Methodical

5.Dishonest

Page 36: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Disagreeable Customers

• Argumentative – ask, simple polite questions

• Impatient – agree first on common points

• Leave-me-alone – be patient• Irritable/Moody – be

positive• Insulting – be neutral• Complaining – Listen

patiently and try to stay calm

Domineering/Superior Customers

• Bark orders• Want things done

THEIR way because they know best

• Handle them by letting them have their say

Page 37: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Suspicious Customers

• Doubts the salesperson’s knowledge

• Handle by explaining and demonstrating good service

Slow/Methodical Customers

• Indifferent• Indecisive • Handle by not

overwhelming them

Page 38: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Dishonest Customers

• Customers who lie–Handle by not jumping to quick

conclusions• Examples:–Switching racks –Changing prices–Etc.

Page 39: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Activity• Form a group of three people• Develop a concept for a short skit. Create a

script. Everyone in the group must participate in the performance of that skit to receive credit.

• The skit must show one of the types of customers we discussed, and how a customer-service approach can help in that situation.

• There was a list of the type of customer issues in the notes, please use those as a guide.

Listen – completely and openly Take the customer aside – to

ease tension Restate the complaint – to

show youu nderstand

Get help – if needed, from a supervisor

Establish a plan – Agree on a plan of action and follow through

Procedures for Handling Complaints

Page 40: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Reasons for customer complaints

• Genuine error– Faulty item– Bad service– Product quality

• Misunderstandings– Poorly written

instructions• Suggestions for

improvement• Etc.

Page 41: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Are non-complainers a more difficult problem for businesses

than complainers? • Write 1 paragraph (5-7 sentences) explaining and

defending your opinion. Give an example of a hypothetical situation that justifies your position!

Non-complainers vs. Complainers

Page 42: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

www.textbookwizards.com/selling.ppt•Split into five groups. •Each group will explain one of the next five slides to the class. (slides 43-47)•Get with your group and talk about the slide. •Each member of the group has to have something unique to say about that slide. This could be challenging with a short slide, so you have to go deeper than simply restating the slide. •Explain it to us so that we understand. Every member of your group gets an individual grade for their presentation and contribution.

Page 43: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Purpose of Adapting communication to a client’s cultural or social community?

1.To avoid offending clients with your lack of sensitivity to their needs.

2.To better assist clients to make the right purchase or deal for their needs.

Page 44: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Reason:

1. Our market is very global and therefore impacts many different cultures socially and geographically.

2. The success of all companies depends on their abilities to understand cultural differences and work with them

3. Communication is key in any relationship4. Clients could be offended by your lack of

understanding of their culture’s typical use of a product.

Page 45: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Skills associated with adapting communication.

• Empathy – Risk taking – Problem solving

• Being patient, flexible, and empathetic are key personality traits when dealing with communication barriers.

Page 46: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Different ways to adapt communication to the cultural or social environment of clients.

1. Language2. understand the way a country makes products

and you will understand how they value the products

3. Aesthetics (what a culture considers valuable or beautiful)

4. Social organization (what is acceptable in a culture)

5. Religious beliefs, attitudes, values, space and time

Page 47: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

What is the importance of context in communication?

• Context is the surrounding story or thought process of a communicated idea. It is what helps get the point across. – The wrong context can completely skew the

meaning.

Page 48: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

10 multiple choice questions 2.01-2.05

Using the notes from this PowerPoint (slides 2-44), create 10 multiple choice questions in a word

document. Each question should have 4 answer choices (1-4 or A-D). Please create an answer key as

well. Print a copy for your notebook and email me a copy of the word document when you

finish at:

[email protected]

Page 49: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

www.textbookwizards.com/selling.ppt

• Required Cornell Notes are listed on the Notebook Checklist

• Go back and review/revise your notes

–In order to receive credit you must:• Circle/highlight/underline key terms• Create your 3 levels of questions• Write your summary in the bottom section

Page 50: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

www.textbookwizards.com/selling.pptMandatory Test Corrections (Project Grade, slide 47)

Answer Key:

• Your test answers:• Find the questions you got incorrect and complete a test

correction for each missed question• To complete these, you have to find someone in class who

got the question correct. They have to explain why that answer is correct. You write down their explanation and they sign off on it. (All I need is the question number, their explanation, and their signature)

Page 51: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

www.textbookwizards.com/selling.ppt• Slides 49 – 74• There are 13 questions that the class as a whole

had major issues with• Every student should be an expert in those

concepts after the test corrections project.• Prepare an example, experience, or quick

demonstration to help explain the concept for the question you are assigned to the class.

• Each group or person will share their question with the class to help reinforce the concept!

Page 52: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

GM HyWire

• What is the opportunity here?• What are the economic and environmental

benefits of this new prototype?• What are some of the things standing in the

way of this prototype?• Do you think this is the wave of the future, or

is this just a stepping stone?• What do you think is next for the automobile

industry?

Page 53: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Reflection on Learning for 2.01-2.05• Write at least two paragraphs (6-10 sentences

each reflecting on these questions while you summarize)

1.What did you learn in this unit?2.What activities and projects did we complete

that reinforced what you learned?3.How is study process changing or evolving

from Test 1.00 to Test 2.05 (Test 2.05 is today)?

4.How could you apply what we learned outside of the classroom?

Page 54: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

First Block

• http://goo.gl/O92TFN

TEST ID: 84100227551

Page 55: Www.textbookwizards.com/mktg2.00.ppt 2.00 practice questions 1.00 Notes and Practice Questions

Second Block

• http://goo.gl/O92TFN

TEST ID: 84170927551