1.
The average sales person in the US sells how many vehicles per month?
Correct Answer
C. 8
Explanation
The correct answer is 8 because the question asks for the average number of vehicles sold per month by salespeople in the US. Out of the given options, 8 is the closest to the average, as it is neither too high nor too low.
2.
According to the Gallup Poll the car sales industry has the lowest:
Correct Answer
C. Standard of ethics
Explanation
The correct answer is "Standard of ethics." According to the Gallup Poll, the car sales industry has the lowest standard of ethics. This means that the industry is perceived to have the least ethical practices compared to other industries. This could imply that car salespeople are often involved in unethical practices such as misleading customers, overcharging, or engaging in dishonest sales tactics. Low ethical standards can negatively impact the reputation and trustworthiness of the industry, leading to decreased customer satisfaction and loyalty.
3.
TNT is the acronym for Tactical Network Training – the strategies and tactics that change how you do business.
Correct Answer
A. True
Explanation
The given statement is true. TNT stands for Tactical Network Training, which refers to the strategies and tactics that change how a business operates. This acronym is used to describe a training program that helps businesses improve their operations and achieve better results.
4.
A day without a goal is partially wasted, be sure to have a POD- which stands for "Plan of the Day."
Correct Answer
A. True
Explanation
Having a goal for the day is important because it gives direction and purpose to our actions. Without a goal, our time and efforts may be scattered and not focused on achieving anything meaningful. By having a Plan of the Day (POD), we are able to prioritize tasks, set targets, and stay organized. This helps us make the most of our day and ensures that we are working towards something specific. Therefore, it can be said that a day without a goal is partially wasted, making the answer "True."
5.
____ percent of sales professionals sell to _____ percent of the buying public.
Correct Answer
C. 20-80
Explanation
This answer suggests that 20 percent of sales professionals are responsible for selling to 80 percent of the buying public. This implies that a small portion of sales professionals are highly successful and able to reach a large portion of the market, while the majority of sales professionals may have less success in reaching customers.
6.
In this industry there is a sincere lack of...
Correct Answer
D. Healthy self-image
Explanation
In this industry, having a healthy self-image is important because it allows individuals to have confidence in their abilities and believe in their own worth. It helps them to handle criticism and setbacks in a positive manner, without letting it affect their self-esteem. A healthy self-image also fosters a collaborative and supportive work environment, as individuals are less likely to engage in ego-driven behavior or compete aggressively with others. Overall, a healthy self-image promotes personal growth, resilience, and positive relationships within the industry.
7.
The number one reason a salesperson never asks for the sale is the fear of rejection.
Correct Answer
A. True
Explanation
Many salespeople hesitate to ask for the sale because they fear rejection. They may be afraid that the customer will say no, which can be discouraging and impact their confidence. This fear of rejection can prevent salespeople from closing deals and achieving their sales targets. By understanding and addressing this fear, salespeople can work on improving their sales techniques and overcoming any obstacles that may arise during the sales process.
8.
Of the four potential sales the average sales person misses, how many purchase a vehicle within the next 48 to 72 hours.
Correct Answer
A. 3
Explanation
The correct answer is 3 because the question asks for the number of potential sales that result in a vehicle purchase within the next 48 to 72 hours. Out of the four potential sales, only three of them result in a purchase within that time frame.
9.
What are the 2 most common reasons that the salesperson misses these additional sales?
Correct Answer(s)
A. Never asks for the sale.
C. Fear of rejection.
Explanation
The two most common reasons that a salesperson misses additional sales are because they never ask for the sale and they have a fear of rejection. By not asking for the sale, the salesperson may miss out on closing the deal and securing the additional sale. Additionally, a fear of rejection can prevent the salesperson from making the necessary pitch or follow-up to close the sale, resulting in missed opportunities.
10.
For every 5 potential sales the average sales person closes how many?
Correct Answer
C. 1
Explanation
The correct answer is 1 because for every 5 potential sales, the average sales person closes only 1. This implies that the conversion rate of potential sales to actual sales is 1:5.