1.
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 sale. This implies that the conversion rate of potential sales to actual sales is 1:5.
2.
The average sales person in the US sells how many vehicles per month?
Correct Answer
C. 8
Explanation
The average sales person in the US sells 8 vehicles per month.
3.
According to the Gallup Poll the car sales industry has the lowest:
Correct Answer
C. Standard of ethics
Explanation
The given answer suggests that according to the Gallup Poll, the car sales industry has the lowest standard of ethics. This means that compared to other industries, car salespeople are perceived to have lower ethical standards in their business practices. This could imply that they engage in unethical behaviors such as dishonesty, deception, or manipulation when selling cars. The Gallup Poll likely conducted surveys or research to assess the ethical standards across various industries, and the car sales industry ranked the lowest in this regard.
4.
TNT is the acronym for Tactical Network Training – the strategies and tactics that change how you do business.
Correct Answer
A. True
Explanation
The statement is true because TNT is indeed the acronym for Tactical Network Training. This training focuses on teaching strategies and tactics that can bring about a change in how a business operates. Therefore, the correct answer is true.
5.
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 provides direction and purpose. Without a goal, time can be easily wasted on unproductive activities. Having a "Plan of the Day" (POD) ensures that one has a clear plan and agenda for the day, helping to prioritize tasks and stay focused. Therefore, it is true that a day without a goal is partially wasted, emphasizing the importance of having a POD.
6.
____ percent of sales professionals sell to _____ percent of the buying public.
Correct Answer
C. 20-80
Explanation
This answer suggests that a small percentage of sales professionals, specifically 20%, are responsible for selling to a large portion, 80%, of the buying public. This could indicate that a small group of highly skilled or experienced sales professionals are responsible for a significant portion of sales, while the remaining sales professionals have a smaller share of the market.
7.
In this industry there is a sincere lack of...
Correct Answer
D. Healthy self-image
Explanation
In this industry, a healthy self-image is lacking. This implies that individuals in this industry may struggle with low self-esteem or confidence. Having a healthy self-image is important as it can positively impact one's performance, relationships, and overall well-being. Without a healthy self-image, individuals may struggle to believe in themselves and their abilities, leading to limited growth and success in the industry.
8.
The number one reason a salesperson never asks for the sale is the fear of rejection.
Correct Answer
A. True
Explanation
Many salespeople often hesitate to ask for the sale due to the fear of rejection. This fear stems from the possibility of the customer saying no, which can be disheartening and demotivating. However, it is crucial for a salesperson to overcome this fear and ask for the sale confidently in order to close deals and achieve success in their role. By acknowledging and addressing this fear, salespeople can develop strategies to handle rejection and increase their chances of closing sales effectively.
9.
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, the average sales person misses three of them, indicating that three out of the four potential sales result in a vehicle purchase within the specified time frame.
10.
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 the salesperson misses additional sales are because they never ask for the sale and they have a fear of rejection. By not actively seeking to close the sale, the salesperson misses out on potential opportunities. Additionally, the fear of rejection can prevent them from making the necessary ask, leading to missed sales.