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Chapter 6 Entrepreneurship

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Entrepreneurs ________ constantly, not just to customers, but to investors, bankers and people they want to hire.

a)

sell

b)

try to make a good impression

c)

attempt to be optimistic

d)

All of the above.

2.

When you sell, you should always listen carefully to customer complaints, because ________.

a)

it's better to have customers complain to you than to other people

b)

customers are happier when you listen to them

c)

they provide invaluable information about how to improve the product or service

d)

the "buck" stops here

3.

Entrepreneurs sell constantly to ________.

a)

potential employees

b)

potential investors

c)

customers

d)

All of the above

4.

When you are starting out and cannot afford to pay sales representatives full-time salaries, you can offer ________ instead.

a)

incentives

b)

bonuses

c)

commissions

d)

bonuses and incentives

5.

An appointment with a potential customer to explain or demonstrate your product or service is called a ________.

a)

sales cal

b)

pre-qualification

c)

product demonstration

d)

presentation

6.

Objectives during a sales call include making the customer ________.

a)

want to buy the product or service from you

b)

aware of your product or service

c)

want to buy your product or service

d)

All of the above.

7.

Good salespeople ________.

a)

believe in what they are selling

b)

feel good about what they are selling

c)

All of the above.

d)

None of the above.

8.

During each sales call you make, focus on this question.

a)

How can I make the customer buy from me?

b)

What does the customer need?

c)

How can I convince the customer to ignore his/her objections?

d)

How do I handle the objections that will be raised?

9.

What should you do when a customer raises objections during a sales call?

a)

Ignore them; the customer will forget about them by the time the call is over.

b)

Acknowledge objections as they arise and respond to them.

c)

Shorten the sales call; don't waste time on a customer who has objections to your product or service.

d)

Say, "I'll get back to that in a moment."

10.

People you think might be receptive to your sales presentation are called ________.

a)

consumers

b)

customers

c)

prospects

d)

interested parties

11.

Using technology to sell ________.

a)

is not really necessary

b)

works for products but not services

c)

can be useful in helping you communicate your product to the customer and to stay in

touch with the customer

d)

is too expensive for the average salesperson

12.

Brian Tracy believes all objections fall into one of six categories. Which of the following is not one of the six?

a)

follow-up service and competition

b)

support, warranties and assurances

c)

price and performance

d)

None of the above.

13.

Everything that a business does to keep its customers happy is called ________.

a)

customer service

b)

customer appreciation

c)

post-sale service

d)

customer satisfaction

14.

Customer complaints should be ________.

a)

carefully listened to, but not responded to (don't let the customer know you take the

complaints seriously)

b)

acknowledged and responded to politely

c)

politely ignored

d)

put in priority order

15.

Telling the truth about any negative aspect of a product or service usually ________.

a)

means that you are dishonest

b)

annoys your customer

c)

gains your customer's trust

d)

makes a customer think you are up to something

16.

Customer service is everything you do to keep customers happy, especially ________.

a)

after they've bought something

b)

during the buying process

c)

before they've bought something

d)

as they are paying for the product

17.

Losing a customer can hurt by ________.

a)

loss of jobs

b)

losing your reputation and future business

c)

losing the current dollars

d)

All of the above

18.

When is an entrepreneur done collecting market research for his/her business?

a)

when the business has been opened

b)

when the business has been operating for six months

c)

never

d)

when the minimum sales have been reached

19.

Information such as customers' e-mail addresses and purchasing history can be stored in a simple computer ________.

a)

Web site

b)

program

c)

database

d)

software

20.

As your database grows, you can make it more sophisticated by organizing it by region or ________.

a)

customer interest

b)

age

c)

gender

d)

ethnic group