Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Personal Selling Process Selling is a complicated activity that involves building buyer-seller relationships. Although the salesperson-customer interaction is essential to personal selling, much of a salesperson's work occurs before the meeting and continues after the sale itself. The personal selling process consists of six stages (1) prospecting, (2) preapproach, (3) approach, (4) presentation, (5) close, and (6) follow-up. The presentation stage is at the core of the order-getting selling process; its objective is to convert a prospect into a customer by creating a desire for the product or service. Three major presentation formats exist: (1) stimulus-response format, (2) formula selling format and (3) need-satisfaction format. Read the case below and answer the questions that follow. Pulte Homes is one of the nation's largest and most successful home builders, building over 500,000 homes over the past 55 years. During the sales and construction process, Pulte focuses on providing its customers with the best home for the best value. In 2007, Pulte Homes were ranked highest for customer satisfaction in 11 of its markets by J.D. Power and Associates New-Homebuilder Customer Satisfaction Survey. Pulte is trying to determine what the appropriate sales presentation would be for its prospective customers in order to better train the company's sales force and provide value to its customers. To choose between the formula selling presentation format and the need-satisfaction presentation format, Pulte must consider the dynamics of the salesperson-customer home buying interaction. Prospective customers entering the Pulte new home sales model face a complex decision process for a very high involvement process. To better understand the needs and wants of their prospective customers, sales people must ask their prospective customers questions about their individual family's needs in terms of square footage requirements, feature and amenity desire, price, and financing considerations. Pulte salespeople must be good listeners to identify the key attributes valued by the prospective customer so that they may include these attributes in their eventual sales pitch. Canned sales presentations are generally ineffective for selling homes due to the need for salespeople to tailor the presentation to the prospect so that salesperson can highlight the product benefits which are most important to the customers. Pulte's goal is to continually improve its customer satisfaction by building customer relationships. To narrow in on the appropriate presentation format to use in future sales force training, answer the following questions to understand whether a formula selling presentation format or a need-satisfaction presentation format would be most effective in helping Pulte achieve its goals.

1. The primary responsibility of the salesperson in Pulte's presentation stage should be

A. asking questions and listening.

B. delivering a standardized sales presentation.

C. engaging in suggestive selling.

2. In the need-satisfaction presentation format, who should do the majority of the talking during the presentation stage?

A. The sales manager

B. The prospective customer

C. The sales associate

3. Which presentation format emphasizes asking probing questions and listening to responses to identify the needs and interests of prospective buyers?

A. need-satisfaction presentation

B. stimulus-response presentation

C. formula selling presentation

4. The ideal sales presentation would be highly _______ to meet customers' diverse needs.

A. customized

B. scripted

C. standardized

5. The Pulte sales presentation format should emphasize

A. all aspects in which Pulte can potentially assist the customer.

B. only the aspects that interest the customer.

C. Pulte's strengths and weaknesses.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93090071

Have any Question?


Related Questions in Operation Management

1 which of the following statements is true of a sharing

1. Which of the following statements is true of a sharing economy? a. In a sharing economy, an individual experiences the benefits of being both a consumer and a producer. b. An organization's trust and reputation have l ...

1 ldquoexamine the consumer protection law in uae explain

1. “Examine the Consumer Protection Law in UAE. Explain whether this Law is capable of compensating consumers for material and physical damages incurred? (500 words). 2. Civil obligations in all legal systems all over th ...

Health care supply chain management gerald r ledlowkarl b

Health Care Supply Chain Management. Gerald R Ledlow/Karl B. Manrodt/ David E. Schott 1. Describe the concepts, theories and models of leadership presented in this chapter in the context of the healthcare supply chain. 2 ...

Gentle bens bar and restaurant uses 6600 quart bottles of

Gentle Ben's Bar and Restaurant uses 6,600 quart bottles of an imported wine each year. The effervescent wine costs $4 per bottle and is served only in whole bottles because it loses its bubbles quickly. Ben figures that ...

1-each one of the following statements was made by an

1-Each one of the following statements was made by an individual caught in a situation that involved a loss of trust. Which statement do you think is the most effective in restoring trust? A. "I didn't live a lot of lies ...

1 what according to you were the reasons for arshadrsquos

1. What, according to you, were the reasons for Arshad’s disillusionment? Answer the question using Maslow’s Hierarchy of Needs. 2. What should Arshad do to resolve his situation? 3. What can a team leader do to ensure h ...

Powerpoint 6 slides 150 words with speaker notesfrom the

PowerPoint 6 slides 150 words with speaker notes From the course scenario you read the following: The CEO has hired you as an external organizational development consultant to help him identify problem areas and to under ...

Case scenariomr barney the ceo has received your memo

Case Scenario: Mr. Barney, the CEO, has received your memo request to be considered for further leadership positions. He has decided to put you to the test! He assigns you to help his Director of Payroll, Loretta Cash wi ...

Question discuss your chosen business idea product or

Question : Discuss your chosen business idea, product, or service and why you think it will be successful in the marketplace in the face of global competition. What is the key differentiating factor between the current m ...

Text health economics theory insights and industry studies

Text: Health Economics: Theory, Insights, and Industry Studies (6th Edition) Current activity in the hospital industry shows that hospitals are consolidating to form multihospital systems. Based on your reading in the te ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As