CUSTOMER_CODE SMUDE DIVISION_CODE SMUDE EVENT_CODE OCTOBER15 ASSESSMENT_CODE MK0010_OCTOBER15 QUESTION_TYPE DESCRIPTIVE_QUESTION QUESTION_ID 18658 QUESTION_TEXT Explain the Different types of Sales Representatives? SCHEME OF EVALUATION 1. Order suppliers: Such salesmen are principally involved in ensuring that the product or service is delivered to the customer and have very little contribution in any other aspect of the sales process. Examples: An ice cream vendor, salespeople moving with the delivery van of their company from shop to shop ensuring the delivery of the goods as required (from their range of products being carried in the van). 2. Order bookers: The principal role of such salesmen is to inquire/ascertain the availability/stock of a particular product and ensure that appropriate order is booked for supply. This is possible where the demand for the product is known and the sales job is primarily distributive in nature. Examples: The salesmen of public sector oil companies. 3. Demand generators: The principal role of a salesperson in this category is to identify ways and means of convincing the customer how the product or service will fulfill their requirements Examples: A typical example in this category would be the in-shop salesperson in an electronic goods store selling items such as TV and music system. A salesman’s job in such an environment is to identify and match needs of the walk-in customers from the products available in his store. This, he does by communicating the features and benefits of his store’s products and create a demand for the same by appropriate pricing. Success in such an environment is completely dependent on the ability of the salesperson to correctly understand his customer psyche and behavior. 4. Missionary salesperson: Excellent communication, in-depth product knowledge, deep understanding of customer buying behavior, neversay-die-attitude and a positive approach to sales are prerequisites for such salespersons. Examples: A common example could be an automobile salesperson. As the product is in the lifestyle category and risk-perception of the customer for an incorrect decision is high, the role of the salesperson in convincing the customer is imperative. 5. Solution providers: In the hierarchy of sales performers, solution providers occupy the highest position. These salespersons are customerfocused and find delight in drawing up complete solutions for their clients. They have innate abilities to probe and understand the requirements of their clientele and go to extraordinary lengths in tailoring a solution thereafter. As could be expected, the set of skills required here are of a very high order in all aspects like communication, product knowledge, customer understanding, buyer behaviour, buyer decision-making process and ROI (return on investment) analysis. (5*2 = 10) QUESTION_TYPE DESCRIPTIVE_QUESTION QUESTION_ID 72959 QUESTION_TEXT Explain the various stages involved in the personal selling process. SCHEME OF EVALUATION Step 1–Prospecting Step 2–Pre–approach Step 3–Gain interview Step 4–Presentation Step 5–Handling objectives Step 6–Closing the sale Step 7–Post sales services (10 marks, explanation required) QUESTION_TYPE DESCRIPTIVE_QUESTION QUESTION_ID 72960 QUESTION_TEXT How does Alderfer’s view differ from that of Maslow’s? Clayton Alderfer’s ERG theory: a. Existence b. Relatedness c. Growth Maslow’s theory of Hierarchy of needs: SCHEME OF EVALUATION 1. Physiological needs 2. Safety needs 3. Social needs 4. Esteem needs 5. Self actualization needs (10 marks, explanation required) QUESTION_TYPE DESCRIPTIVE_QUESTION QUESTION_ID 72962 QUESTION_TEXT Describe the selection criteria used for selecting channel partners. SCHEME OF EVALUATION Selection criteria of channel partners 1. From the Manufacturer’s perspective: A manufacturer selects a wholesaler based on his performance evaluation. Before selecting a wholesaler manufacturer’s assess them on the following parameters How can a wholesaler serve a retailer and a distributor in ensuring that the product reaches the end customer? 2. From the Wholesaler perspective: A wholesaler will select its retailer distributor & manufacturer on the basis of their effectiveness and profitability. 3. From the Retailer perspective: A retailer will select its whole sale distributor & manufacturer on the following parameters: How can a wholesaler serve its manufacturer? How can a distributor serve the end customer? 4. From the Distributor Perspective: A distributor will select its retailer, wholesaler & manufacturer on the basis of efficiency so that the supply to the end consumer does not get affected. The Final Selection Criteria is based on SPEAR which is explained below a. Sales factors: The ultimate justification for using intermediaries is to improve market share, sales, and Profitability. Thus, sales an market factors head the list of evaluative criteria. b. Product factors: Product factors include the intermediary5 knowledge of the product and of its service or stocking requirements. The quality of the prospect’s service staff should also be considered c. Experience factors: Indicators of intermediary experience and expertise can be obtained by evaluating the prospect’s previous customers’ satisfaction whether the prospect has worked successfully with similar products in the past, the prestige of its prior or current channel partners, and the prospect’s current technology d. Administrative factors: The administrative and contractual conformance of prospects can be evaluated by examining the prospect’s workload and determining whether it is overworked e. Risk factors: Considerations of risk include evaluations of a prospect’s commitment to the relationship and of how much the proposed channel arrangement will cost the recruiting organization The prospect’s enthusiasm for the product should also be considered Costs, the extent of a prospect’s dealing with competitors, and the career histories of its key personnel should likewise be evaluated. (10 Marks) QUESTION_TYPE DESCRIPTIVE_QUESTION QUESTION_ID 72963 QUESTION_TEXT SCHEME OF EVALUATION Name the methods followed by manufactures under direct channel of distribution. 1. 2. 3. 4. Selling directly through manufacture’s plant Door to door selling Multiple shops Mail order houses (10 marks, explanation required) QUESTION_TYPE DESCRIPTIVE_QUESTION QUESTION_ID 125699 QUESTION_TEXT Discuss the different benefits of warehousing. 1. SCHEME OF EVALUATION 2. Economic Warehousing Service benefits (5 marks each, explanation required)