According to the Golden Rule,how you spend your time greatly influences your level of sales success.
Choose correct answer/s
True
False
Check answer
Question 2
Free
True/False
A sales account refers to a limited geographical area assigned to a salesperson.
Choose correct answer/s
True
False
Check answer
Question 3
Free
True/False
Sales territories can be used to obtain thorough coverage of the market.
Choose correct answer/s
True
False
Check answer
Question 4
Free
True/False
Salespeople act as business managers for their territories.
Choose correct answer/s
True
False
Check answer
Question 5
Free
True/False
Developing and using sales territories allows management to match salespeople to customer's needs in a better way.
Choose correct answer/s
True
False
Check answer
Question 6
True/False
The formation of sales territories can help increase sales,but it frequently leads to increased selling costs.
Choose correct answer/s
True
False
To unlock the question
Question 7
True/False
Segmenting the market into territories can be very effective in industries like insurance and retail.
Choose correct answer/s
True
False
To unlock the question
Question 8
True/False
For the salesperson,time and territory management is a continuous process of planning,executing,and evaluating the sales and service provided to customers.
Choose correct answer/s
True
False
To unlock the question
Question 9
True/False
All companies segment their markets into sales territories.
Choose correct answer/s
True
False
To unlock the question
Question 10
True/False
The process of applying and designing selling strategies equally to different accounts is known as a differentiated selling approach.
Choose correct answer/s
True
False
To unlock the question
Question 11
True/False
A market with homogeneous needs and characteristics would best be suited for an undifferentiated market approach.
Choose correct answer/s
True
False
To unlock the question
Question 12
True/False
The 80/20 principle is a time management concept that favors a salesperson putting 80 percent of his or her time on planning and 20 percent on selling.
Choose correct answer/s
True
False
To unlock the question
Question 13
True/False
The process of applying different selling strategies to different customers and prospects is known as the account segmentation approach.
Choose correct answer/s
True
False
To unlock the question
Question 14
True/False
The majority of sales force resources should be invested in key accounts.
Choose correct answer/s
True
False
To unlock the question
Question 15
True/False
It is wise to use the account segmentation approach in a market with heterogeneous needs.
Choose correct answer/s
True
False
To unlock the question
Question 16
True/False
Territory time allocation is the time spent by the salesperson calling on accounts excluding the traveling time.
Choose correct answer/s
True
False
To unlock the question
Question 17
True/False
Multivariable account segmentation means using multiple salespeople to call on a few accounts.
Choose correct answer/s
True
False
To unlock the question
Question 18
True/False
One of the basic factors to consider in territory-time allocation is non-selling time.
Choose correct answer/s
True
False
To unlock the question
Question 19
True/False
The difference between cost of goods sold and sales is called the gross profit on sales revenue.
Choose correct answer/s
True
False
To unlock the question
Question 20
True/False
Break-even volume per hour = Cost per hour/Gross profit percentage