Just Candles, a supply house for scented and unscented tapers and other ceremonial
candles to houses of worship, restaurants, and other establishments, has experienced a
downturn in business in the last two years. Upon investigation, the owner of Just
Candles learns that the same candles that they sell are available from online retailers for
at least 10% less. The firm will not be able to survive if customers continue purchasing
from competing e-retailers. Just Candles maintains a storefront for selling candles but
does not provide other services or products.
Which of the following would most likely be a value-added strategy that could boost
sales for Just Candles?
A) eliminating most candle sizes to focus on only tapers
B) visiting commercial customers to give them product brochures
C) offering classes for new customers on decorating with candles
D) lowering prices on all taper candles to compete with e-retailers
E) selling to customers in the local area using a mass marketing campaign
Kelly Addison is a designer clothing buyer for a chain of department stores. She has
gone through several negotiation certification programs and is considered an expert
negotiator by her peers.
Because Kelly is a tough negotiator, salespeople must be aware of how much flexibility
they have in terms of price, specifications, and delivery schedules. Which of the
following best helps a salesperson with determining the walk-away point when dealing
with Kelly?
A) SWOT
B) ZOPA
C) ROI
D) PLC
E) CRM