wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Ag Sales CDE

Total questions: 113

Worksheet time: 57mins

Name
Class
Date
1.

Select the best answer from the alternatives provided for each question.

“Shall I start your order with the product you just mentioned?” This is an example

of what sales technique? (

a)

An open-ended statement

b)

A trial close

c)

A response to a customer’s objection

d)

A means of keeping the customer engaged in the presentation

2.

The product’s price is best described as…

a)

Cost of product + tax

b)

Cost of product + margin

c)

Cost of product + cost of sales

d)

Cost of product + discount

3.

Matt is planning next year’s sales budget. He would like to hire another sales

person; however, he knows that to get his manager’s approval he needs to build

a good case for the new hire. He needs to justify that the new person will be…

a)

A great help

b)

A return on equity

c)

A return on investment

d)

Will increase work load

4.

While Marie was waiting to meet with the sales manager of a large farm supply

store chain, she read the company’s mission statement. One line in the mission

statement caught her attention, “We will always stand by our products – your

needs are our goals.” After reading this Marie reviewed her notes and altered her

presentation. The result: a very successful and productive meeting. What did

she do?

a)

She evaluated her goals for this meeting and altered the presentation.

b)

She used the mission statement to build rapport with the sales manager.

c)

She altered her market plan to meet the situation.

d)

All of the above.

5.

Verna is a promising new sales person and her manager feels she has great

potential. However, she admits she has a difficult time distinguishing between

excuses and objections. Which of the following is not a correct distinction?

a)

Excuses are a smoke screen and often beyond your control.

b)

Excuses are a means of hiding “true” objections.

c)

Excuses and objections are really similar, but appear different.

d)

Excuses must be analyzed to determine the underlying objection.

6.

Millicent has joined the accounting department. Her first assignment is to

calculate the cost of goods sold for each product last year.

a)

Cost of raw material + cost of production + cost of transportation

b)

Cost of raw material + cost of production + cost of sales and

administration

c)

Cost of raw material + cost of production + cost of sale and administration

+ cost of returns

d)

Cost of raw material + cost of production

7.

What is selling?

a)

A process to help people assess products and services.

b)

Person to person interaction.

c)

a means of assessing customer needs.

d)

All of the Above

8.

Making a cold sales call requires…

a)

a telephone book

b)

a clear and pleasant voice

c)

a strategy or objective for calling

d)

only statistical process, the more calls you make the more likely you will

succeed

9.

What is a “buying cycle?”

a)

a time or season when customers are most prepared to buy

b)

the mental steps a customer moves through to buy, use and rebuy a

product

c)

internet sales

d)

difficult time for sales people to recognize

10.

______________ is the process of locating potential buyers.

a)

Prospecting

b)

Questioning

c)

Investigating

d)

Growing

11.

Bob, we would like to do business with you. How about giving us a chance to

demonstrate what we can do for you? Let’s write up your first order to get

started.” This is an example of what type of close?

a)

summary close

b)

direct close

c)

trial close

d)

choice close

12.

The successful sales person needs to possess which one of the following

qualities?

a)

competitive attitude

b)

social media skills

c)

c comfortable texting style

d)

aggressive style

13.

Marketing mix includes the following:

a)

customer, product, price, place, promotion and packaging

b)

product, price, place, promotion and packaging

c)

product, place, price and promotion

d)

product, price, promotion and people

14.

How does a customer perceive “value?”

a)

economic benefit

b)

convenience

c)

personal preference

d)

all of the above

15.

How does a salesperson create “value?”

a)

communicate attributes

b)

matching feature and benefits to customer needs and wants

c)

discovering needs and wants of customers

d)

none of the above

16.

A salesperson needs to understand the importance of non-verbal

communication. An example of this form of communication is…

a)

rate of speech

b)

use of non-words, e.g. um, ah…

c)

body language

d)

tone of voice and inflection

17.

Madison tells a prospective customer that the throughput on a Danzon VX press

is 1200 units/minute which is almost twice the speed of the next machine. This is

an example of…

a)

a feature

b)

a benefit

c)

an advantage

d)

a value aspect

18.

Marjorie knows the successful sales person often works to create “a sense of

value” for a customer. Tangible value is often apparent in the product or service;

however, intangible value is more difficult to establish, because it involves…

a)

cost benefit analysis

b)

emotion and feelings

c)

marginal needs

d)

none of the above

19.

Alex knows success of an initial sales call with a customer is very much

determined by “first impressions.” Which of the following does not involve a “first

impression?”

a)

the car you drive

b)

your appearance

c)

a practiced feature/benefit presentation

d)

your body language

20.

Alicia has been told that the successful sales person is a good listener. She

knows that she is a great conversationalist and must practice “active listening” to

improve her sales technique. “Active listening” requires…

a)

listening but preparing the next thing you have to say

b)

listening to what you already know about the customer but appear to be

interested.

c)

listening requires avoiding the appearance of boredom

d)

listening and gathering facts, feelings, and non-verbal cues from customer

21.

Glenn is an experienced sales manager. He has a well-established sales

territory, is highly regarded by his customers and colleagues and a pillar of the

community. What makes him successful is that he never forgets the “three buyer

motivations” he learned in college. They are…

a)

Relationship, Economics and Business

b)

Relationship, Rapport and Interest

c)

Business, Rapport and Reciprocation

d)

Economics, Cost-benefit and Reciprocation

22.

Velma knows that “resistance” to purchasing a product often takes one of two

forms. They are…

a)

evasion and agreement

b)

active and passive

c)

complex and simple

d)

distracted and involved

23.

Which of the following is the most effective way to find customers for a new product?

a)

Trade shows

b)

Customer referrals

c)

Current customer base

d)

Internet surveys

e)

None of the above

24.

What ultimately determines if you will accept a return of product from an unsatisfied

customer?

a)

Company Policy

b)

Personal judgement

c)

How long ago the product was purchased

d)

Who was at fault

e)

None of the above

25.

Your customer books 200 tons of feed for $300 per ton for delivery November through

December. There is a 5% discount for pre-booking feed. What does the discount cost your

company?

a)

$57,000

b)

$5,000

c)

$3,000

d)

There is no cost to the company

e)

None of the above

26.

You sell liquid fertilizers and herbicides. Which of the following would be considered

complimentary products?

a)

Zero turn mowers

b)

Granular bulk tanks

c)

Safety Data Sheet Training

d)

Insurance

e)

None of the above

27.

The US Department of Agriculture predicts an increase in winter wheat acreage planted. What

do you predict this will do to the availability and cost of seed for wheat planting?

a)

Increase in demand and drop in price for seed wheat

b)

Increase in demand and increase in price for seed wheat

c)

Decrease in demand and drop in price for seed wheat

d)

Decrease in demand and increase in price for seed wheat

e)

None of the above

28.

The farm price of milk has dropped 12%. What is the effect on input purchases for dairy

farmers?

a)

They will purchase less feed

b)

They will purchase a higher value feed that costs significantly more

c)

They will reevaluate their feed input costs to maximize value and attempt to lower input costs

d)

They will maximize production no matter the cost of inputs

e)

None of the above

29.

You sell a broad-spectrum herbicide. Your largest customer, a major turf grass producer, is

going out of business. How do you find new uses/customers for your product? AB

a)

Have a meeting with the local garden club to discuss possible uses for your herbicide

b)

Contact the herbicide manufacturer for additional product uses

c)

Assess current customers for how they utilize the product

d)

Expand the use of the product with current customers beyond turf grass

e)

All of the above

30.

How do you continue to gather and utilize information from existing customers to evaluate

improvements in production and operation and assist customers with improvements?

a)

Interact with customers frequently to maintain rapport, identify uses of your product, evaluate,

and inform customers of best practices

B.

b)

Do a review with each customer in conjunction with your periodic performance review by your

supervisor and ask your supervisor to identify the best practice

c)

Use company provided product information to develop one procedure for all customers thus

simplifying your job

d)

Utilize local finance resources to determine what your customers should utilize

e)

None of the above

31.

You sell two similar herbicides from two different companies. Herbicide A is your highest profit

margin product, but costs 20% more than Herbicide B. How do you differentiate Product A to

increase profit while still maintaining market for that product due to higher cost for your

customer?

a)

Stop selling Herbicide B

b)

Listen to your customer and apply the features and benefits of Herbicide A to show the added

value of the product

c)

Listen to your customer and apply the features and benefits of Herbicide B to show the added

value of the product

d)

Stop selling Herbicide A

e)

None of the above.

32.

You have been given a new fungicide product to sell that is your only granular application

product. Your current customer objections will include lack of product knowledge and having

proper application equipment. What do you say to your customers to identify their objections

a)

Tell your customer that they need to switch

b)

Explain you are discontinuing your old fungicides

c)

Wait and see if your customers have interest in the new fungicides

d)

Ask your customer what they need in a fungicide to see if the new fungicide might fit their need.

e)

None of the above

33.

Customer Jones seems to becoming more distant and uncomfortable in their interaction with

you. How do you reestablish the rapport with them?

a)

Attempt to spend face to face time to listen to his concerns

b)

Realize he is no longer going to be a customer

c)

Challenge him on his views

d)

Ignore the situation as he has been a long-term customer

e)

None of the above

34.

Pick the best introductory statement to make to a new customer.

a)

Hello my name is ________ and I am going to sell you our Bayer products today.

b)

Hello my name is ________ and how is your day going?

c)

Hi, I see you are interested in Bayer Chemicals. Let me tell you what we have.

d)

I see you want to use our products.

e)

None of the above

35.

Joe, since you said you are struggling with Pythium Blight on your golf course and you want

something that can tank mix with Daconil Ultrex, you should apply 4 oz rate of Chipco Signature

in the tank mix. Can we get that ordered for you? This is an example of what type of close?

a)

Summary Close

b)

Direct Close

c)

Trail Close

d)

Choice Close

e)

None of the Above

36.

Which is the most important aspect of being in direct sales?

a)

Maintain good customer relationships

b)

Have quality products

c)

Be able to sell products

d)

All of the above

e)

None of the above

37.

You should have knowledge of your product and be a source of information for your customers.

The customer asks you a question and you are not sure of your answer. What should you do?

a)

Move through the sales process and obtain information later

b)

Tell the customer it's not relevant

c)

Find the information for the customer later

d)

Discuss the question with the customer and determine the time frame for providing the answer

e)

None of the above

38.

Amid a conversation with a customer about their problems with finding help, Mac just

summarized what he was told from the customer and repeated it back to him. This is an

example of:

a)

A close

b)

A feature

c)

A benefit

d)

An active listening skill

e)

Rapport building

39.

Specticle Flo offers extended residual control. This is an example of:

a)

A close

b)

A feature

c)

A benefit

d)

Prospecting

e)

Building rapport

40.

Jane is talking to the first person she saw when she arrived for a

prospective sales call. What should she do first?

a)

Introduce herself

b)

Determine if the manager/owner is onsite

c)

Describe the products

d)

Assess customer potential

e)

None of the above

41.

You were transferred to a new sales territory and are meeting the outgoing

sales representative. What information should you obtain from them?

a)

The company’s product list

b)

The local housing situation

c)

Information and relevant purchasing history of existing customers

d)

The local weather patterns

e)

None of the above

42.

When dealing with an irate customer/person who is venting, you should?

a)

Tell them to stop

b)

Walk away

c)

Interrupt them

d)

Listen

e)

None of the above

43.

Who has the appropriate authority to determine the price of a product?

a)

Owner/Manager

b)

Salesperson

c)

Customer Service

d)

Accounting

e)

None of the above

44.

When making a cold call it is important for a salesperson to

a)

Research key information

b)

Introduce yourself

c)

Make a pre-call plan

d)

All of the above

e)

None of the above

45.

Matt is planning next year’s sales budget. He would like to hire another

sales person; however, he knows that to get his manager’s approval he

needs to build a good case for the new hire. He needs to justify that the

new person will be…

a)

a great help

b)

a return on equity

c)

a return on investment

d)

will increase work load

e)

none of the above

46.

Communicating how a product or service offers a solution to your

customer is an example of:

a)

needs/wants

b)

building rapport

c)

a benefit

d)

a closing statement

e)

none of the above

47.

Would you like 1 gallon or 10 liters of SAFE-GUARD® Drench? This is an

example of what type of close?

a)

summary close

b)

direct close

c)

trial close

d)

choice close

e)

none of the above

48.

Rapport is important because it …

a)

builds long-term relationships, aids customer retention

b)

builds short-term relationships, makes selling fun

c)

builds friendship but not a sale

d)

helps keep customers at a distance

e)

none of the above

49.

Mr. Johnson indicates it would be nice if he could complete the plowing in less

time. This is an example of?

a)

a customer’s dream

b)

a customer’s wants

c)

a customer’s needs

d)

customer’s wish

e)

none of the above

50.

Your employer adopts new customer service guidelines indicating that you, the

salesperson, will have some leeway in making decisions on customer returns and

settlements. What are some criteria you should utilize as you make these

decisions?

a)

if the product was used correctly

b)

that the customer must be kept happy

c)

the financial impact of the decision on the company and the customer

d)

would this satisfy the customer

e)

both a and c

51.

The price of your product has increased 37.3 % over the last month. How do you

deal with this and the resulting customers’ frustration?

a)

explain how the features of your product produce an economic benefit

b)

join with the customer in expressing your frustrations with the company

c)

offer to sell them less product

d)

all of the above

52.

As your company release’s a new product line, what should you do to prepare

first?

a)

look at the price of the product

b)

identify potential customers for the product

c)

research the product

d)

all of the above

e)

none of the above

53.

Which of the following is not a step in the buying process?

a)

Need recognition

b)

Information search

c)

Product presentation

d)

Examine alternatives

e)

Purchase choice

54.

As a salesperson you want customer complaints because otherwise unhappy

customers just go somewhere else?

a)

True

b)

False

55.

People get upset with a product or company because:

a)

Their expectations were not met

b)

Their integrity is questioned

c)

They don’t feel like you listened

d)

All of the above

e)

Option a and c

56.

Conducting an external analysis of opportunities for growth and threats to a

companies success would be

a)

Competition Analysis

b)

Succession Plan Analysis

c)

SWOT Analysis

d)

Kinesics Analysis

e)

None of the above

57.

Marketing mix includes the following

a)

Person, product, place, promotion, price and packaging

b)

Product, price, place, promotion and packaging

c)

Person, product, price, place, and promotion

d)

Product, price, promotion, and people

e)

None of the above

58.

Which of the following is NOT a type of active listening?

a)

Sub-verbal cues (say I see or go on)

b)

Ask clarifying questions

c)

Check your cell phone

d)

Summarize

e)

Ask open-ended questions

59.

The company that ships your supplements has informed you they will increase

their rates by $15 per ton. How can you address this?

a)

Ignore the information

b)

Pass the costs on to the customer

c)

Cut the price of your product

d)

Include your competitor’s products in price comparisons

e)

All of the above

60.

In building rapport, is adjusting your social style to accommodate the

customer, a form of manipulation

a)

True

b)

False

61.

Customer Miller seems to become more distant and uncomfortable in their

interaction with you. How do you re-establish the rapport with them

a)

Attempt to spend face to face time to listen to his concerns

b)

Realize that he will no longer be a customer

c)

Challenge him on his views

d)

Ignore the situation as he has been a long-term customer

e)

None of the above

62.

The _________ and _________ of your product would be utilized when addressing

customer objections.

a)

Features, benefits

b)

Cost, expense

c)

Rapport, introductions

d)

Features, cost

e)

None of the above

63.

An experienced salesperson listens to a customer’s objections/questions and

knows that they are.

a)

Potential deal-breakers

b)

Potential indications of a customer’s interest/concern

c)

Issues that must be aggressively countered

d)

Non-issues

e)

All of the above

64.

Prospecting involves many activities. Among them is evaluating a business for its

potential as a customer. Which of the following is not essential in the evaluation

process

a)

Reputation

b)

Longevity/history

c)

Profitability

d)

Internet/Website Presence

e)

None of the above

65.

The following are examples of indirect selling responsibilities, EXCEPT

a)

Handling complaints

b)

Maintaining open communication

c)

Staying current on technical information

d)

Keeping in contact with experts

e)

Continuing education at the local university

66.

People generally buy to satisfy

a)

Real or perceived need

b)

Their egos

c)

To become more progressive

d)

To become an early adopter of a new product

e)

None of the above

67.

Basic goals of communication for a salesperson includes the following

a)

Create an awareness of the product

b)

help the prospective buyer develop an understanding of the product

c)

what the product can do for the prospective buyer

d)

all of the above

e)

none of the above

68.

The sales presentation is a series of steps that must be

a)

outlined prior to having a conversation with a prospective buyers

b)

presented in a logical order based on feedback from the customer

c)

followed loosely depending on what the prospective buyer says during your

presentation.

d)

constrained by a specific time limit, generally 15 minutes or less

e)

none of the above

69.

Most companies exhibit at farm or trade shows to

a)

Give the company exposure as part of the competitive agriculture community

b)

Collect names of prospective buyers

c)

So, salespeople may meet and socialize with friends and family

d)

Compare their products with their competitors’ products

e)

Both a & b

70.

Handling customer complaints is mainly the responsibility of the

a)

Salesperson

b)

Complaint Personal

c)

Chief Executive Officer

d)

Chief Financial Officer

e)

Salesperson’s Regional Manager

71.

What is the purpose of an “intent statement” made by a salesperson?

a)

Telling the potential buyer why they need your product

b)

Sets the stage by reducing fear and generating trust with the potential buyer

c)

Sets the stage to close the sale right away with the potential buyer

d)

Sets the stage to overcome objections with the potential buyer

e)

Sets the stage to become the number one salesperson with the potential buyer

72.

When dealing with an emotionally charged customer, the salesperson should

a)

Remain calm

b)

Listen carefully

c)

Ask questions for clarity

d)

Take good notes

e)

All of the above

73.

What does the salesperson do when the customer is “completely wrong”?

a)

Listen carefully and dispute what they are saying.

b)

Let the customer know they are wrong by clearly telling them at both the

beginning and end of the conversation.

c)

Maintain the customer relationship by following the rule “the customer is always

right” rule.

d)

Maintain the customer relationship, without compromising the company policies.

e)

Get the company lawyers involved.

74.

Which of the following are the proper steps to dealing with customer complaints

a)

Accept Responsibility, Respond, Resolve

b)

Be Proactive, Be Attentive, Be Responsive

c)

Recognize, Respond, Resolve

d)

Avoid, Refrain, Redirect

e)

All of the above

75.

Which answer is not a type of close?

a)

Direct Close

b)

Choice Close

c)

Balance Sheet Close

d)

Assumptive Close

e)

Elevator Close

76.

Which of the following is not a trial close?

a)

Would that meet your needs?

b)

Can I order you, 4 or 5?

c)

How does that sound?

d)

Would this work in your operation?

e)

Does that fit your packaging concerns?

77.

Which of these is not an active listening skill?

a)

Explaining

b)

Paraphrase

c)

Clarify

d)

Ask open ended questions

e)

Summarizing

78.

Ms. Jones wants to finish planting before it rains on Friday. On Monday, she calls to

order more seed to be delivered tomorrow. The delivery time is:

a)

A customer’s dream

b)

A customer’s wants

c)

A customer’s needs

d)

A customer’s wish

e)

A customer's demand

79.

Salespeople must be able to overcome the potential buyers’ objections prior

to trying to close the sale.

a)

True

b)

False

80.

Salespeople should be completely focused with potential buyers.

a)

True

b)

False

81.

Building a strong rapport with customers is an important part of being a

salesperson

a)

True

b)

False

82.

Beginning a sales meeting or call with a rehearsed presentation is the

preferred way to begin when dealing with new clients

a)

True

b)

False

83.

Salespeople must be resilient to overcome rejection

a)

True

b)

False

84.

Customer service includes listening to the customer and giving them what

they believe is fair

a)

True

b)

False

85.

Customer service is the act of providing support to both prospective and

existing customers

a)

True

b)

False

86.

As a salesperson, success can lead to failure; Success leads to confidence,

Confidence leads to arrogance, Arrogance leads to complacency,

and Complacency leads to failure.

a)

True

b)

False

87.

An effective salesperson knows when a prospective customer’s objections

are superficial and can move directly into closing the sale

a)

True

b)

False

88.

The amount of authority a salesperson may have to resolve a customer

complaint varies drastically by industry, company, seniority, and situation

a)

True

b)

False

89.

Brand and exclusivity, quality, appearance, and product performance are types of:

a)

A. non-price competition.

b)

B. price competition.

c)

C. product features.

d)

D. marketplace dominance by one competitor.

90.

Which item is NOT a sales call objective?

a)

A. to inform the customer about your product.

b)

B. to persuade the customer to buy you product.

c)

C. to take the customer to lunch.

d)

D. to find out if your customer is willing and able to buy your product.

91.

Credit is an important sales tool. A sound credit policy for a company is needed to:

a)

A. minimize financial losses associated with customers paying for goods and services purchased.

b)

B. provide consistent treatment of customers.

c)

C. develop and nurture customer loyalty.

d)

D. all of the above

92.

Selling includes products or services. Which of the following is considered a product (versus a service)?

a)

A. factory-trained mechanics to repair and maintain your equipment.

b)

B. courtesy carts to help load purchases in the customer’s vehicles.

c)

C. “we accept all major credit cards.”

d)

D. 100-pound bags of fertilizer.

93.

To determine the right price for your company’s product, which do you NOT need to know?

a)

A. your competitors’ prices.

b)

B. your competitors’ costs.

c)

C. your company’s costs.

d)

D. your competitors’ product performance.

94.

Selling statements are all of the following except:

a)

A. sales pitches to identify your customers needs.

b)

B. sentences used by salespeople to convince the customer that they need this product.

c)

C. customized to match customer’s questions, interests, and needs.

d)

D. Sentences containing features, advantages, and benefits describing the product.

95.

A salesperson who wishes to help solve a customer’s problem must first:

a)

A. sale the product to the customer.

b)

B. become a friend of the customer.

c)

C. identify the problem.

d)

D. make the customer know his problem.

96.

The customer expects the salesperson to complete the sale. If the customer must complete the sale, the salesperson is ______________ not a salesperson.

a)

A. an information source

b)

B. a technician

c)

C. a company owner

d)

D. an order taker

97.

For many companies, the “80/20 rule” refers to

a)

A. 80 percent of the sales come from 20 percent of the customers.

b)

B. 80 percent of the costs are from production and 20 percent of the costs are from selling.

c)

C. 80 percent of revenues cover costs and 20 percent cover profits.

d)

D. A salesperson should spend 80 percent of their time in face-to-face selling and 20 percent of their time on administrative selling tasks.

98.

Salespeople build _______________ by listening to their customers, assessing customer needs, and organizing the company’s efforts to solve customer problems.

a)

A. profits

b)

B. territories

c)

C. perks

d)

D. relationships

99.

Which is one of the reasons that personal selling can be more effective than advertising in complex selling situations?

a)

A. personal selling can probe customers to learn more about their problems.

b)

B. personal selling in cheaper on a per contact basis.

c)

C. personal selling can reach more customers within a given period of time.

d)

D. personal selling can deal with inelastic demand.

100.

. Which of the following statements is most accurate?

a)

A. Marketing and selling are the same thing.

b)

B. Selling is that portion of the marketing process that is closest to the buyer.

c)

C. Marketing is one part of the selling process.

d)

D. Selling is all activities involved in getting a product from the initial producer to the final consumer

101.

Salespeople that specialize in selling only a portion of the company’s products or lines are organized as a:

a)

A. territorial sales force.

b)

B. product sales force.

c)

C. customer sales force.

d)

D. multi-tasking sales force.

102.

Salespeople spend their time in various ways. On average, which of the following accounts for the majority of the salesperson’s time?

a)

A. administrative paperwork tasks

b)

B. service calls

c)

C. face-to-face selling

d)

D. waiting in offices and traveling

103.

A set of stages that most new products pass through; these include the development stage, the introductory stage, the growth stage, the mature stage, and the declining sales stage is called:

a)

A. the product life cycle.

b)

B. a marketing plan

c)

C. the price cycle

d)

D. the five step selling process.

104.

The first step in the selling process is generally recognized to be:

a)

A. prospecting and qualifying.

b)

B. the pre-approach.

c)

C. the approach.

d)

D. handling customer objections.

105.

Setting call objectives is done during which stage of the selling process?

a)

A. prospecting and qualifying.

b)

B. the pre-approach.

c)

C. the approach.

d)

D. handling customer objections.

106.

The last step in the selling process is generally recognized to be:

a)

A. the follow-up.

b)

B. the close.

c)

C. handling customer objections.

d)

D. taking the order.

107.

The law that states “as price increases, given that other factors are constant, the customer demand for the product will decrease” is referred to as:

a)

A. the Robinson-Patman Act (1936).

b)

B. the law of supply and demand.

c)

C. the law of diminishing returns.

d)

D. the Sherman Anti-Trust Act (1890).

108.

The four Ps of the marketing mix are:

a)

A. promotion, placement, package, position.

b)

B. planning, practicing, potential, publicity.

c)

C. preparation, prospecting, planning, and pricing.

d)

D. product, price, place, and promotion.

109.

A niche market for an agricultural product:

a)

A. is a specific place, position, or role in a marketplace that is already established

b)

B. is profitable.

c)

C. does not have any competition from other products.

d)

D. is open only to the first producer that discovers the demand.

110.

A market situation where there are many sellers of a product means that it is:

a)

A. easy for producers to raise prices to cover costs

b)

B. difficult for producers to raise prices to cover costs.

c)

C. a monopoly.

d)

D. easy to enter and exit the market as producer.

111.

The market price is the price:

a)

A. set by the salesperson.

b)

B. set by the seller or producer.

c)

C. where consumers will buy all the product that the producers will sell.

d)

D. where producers must sell their products.

112.

A salesperson should close the sale when the customer:

a)

A. gives a buying signal.

b)

B. opens the door to the store.

c)

C. stops asking questions or stops talking.

d)

D. finishes writing the check.

113.

A product display for your company at the Southern Farm Show in Raleigh should:

a)

A. have all your company’s products so you will not miss any sales to customers.

b)

B. have many sales representative so show visitors will not have to wait to talk with someone.

c)

C. have a central theme.

d)

D. be outdoors because that’s where farmers like to be.