63) Which of the following is true with regard to value selling?
A) Value selling refers to earning business from customers by cutting down prices of value
products.
B) Value selling refers to delivering superior customer value and capturing a fair return on that
value.
C) Value selling refers to the mass production of inferior-quality goods for sale.
D) Value selling dilutes customer loyalty in the long run.
E) Value selling tarnishes the brand image of a product in the long run.
64) A sales person of a manufacturing company has qualified a number of leads. Which of the
following is most likely the next step in the selling process?
A) calling on all the prospects one by one
B) closing the deal with the most promising prospect
C) learning as much as possible about the qualified prospects.
D) handling all objections raised by the prospects
E) narrating the “value story” to the buyer
65) Melissa Price is a member of the sales force at Urban Fashions, a Houston-based
manufacturer of women’s apparel. Melissa is preparing for a first meeting with a wholesaler who
is a potential customer. She is learning as much as she can about her prospect and his
organization. Melissa is in the ________ step of the personal selling process.
A) prospecting
B) qualifying
C) preapproach
D) follow-up
E) demonstration