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 suggests that the conversion rate of potential sales to actual sales is low, indicating that the sales person is not very effective in closing deals.
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 correct answer is "Standard of ethics." According to the Gallup Poll, the car sales industry has the lowest standard of ethics compared to other industries. This suggests that car salespeople are perceived as having lower ethical standards in their dealings with customers and in their business practices. This could be due to various factors such as high-pressure sales tactics, misleading information, or unethical behavior in negotiations.
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 given statement is true. TNT stands for Tactical Network Training, which refers to the strategies and tactics that can bring about a change in how a business operates. This implies that TNT is a method or program designed to enhance the efficiency and effectiveness of business operations.
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 to our actions. Without a goal, our time and efforts may be aimless and unproductive. Having a "Plan of the Day" (POD) helps us organize our tasks, prioritize our activities, and stay focused on what needs to be accomplished. By having a clear plan, we can make the most of our day and ensure that our time is well-spent. Therefore, the statement "A day without a goal is partially wasted, be sure to have a POD" is true.
6.
____ 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 sell to 80 percent of the buying public. This indicates that a small percentage of sales professionals are responsible for the majority 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, having a healthy self-image is crucial because it helps individuals maintain a positive mindset and confidence in their abilities. It enables them to handle criticism and setbacks in a constructive manner, allowing for personal and professional growth. Without a healthy self-image, individuals may struggle with self-doubt, insecurity, and may be more susceptible to negative influences or unhealthy competition. Therefore, cultivating a healthy self-image is important for success in this 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 avoid asking for the sale because they are afraid of being rejected by the customer. Rejection can be seen as a personal failure and can damage their confidence. They may worry that the customer will say no, which will make them feel embarrassed or inadequate. This fear of rejection can prevent salespeople from closing deals and achieving their sales targets. Therefore, it is true that the fear of rejection is the number one reason why salespeople do not ask for the sale.
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 actually result in a purchase within the next 48 to 72 hours. Out of the four potential sales, only three of them end up purchasing a vehicle within that 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 because they have a fear of rejection. By not actively seeking to close the sale, the salesperson may miss out on potential opportunities. Additionally, the fear of rejection can prevent the salesperson from making the necessary efforts to close the deal, leading to missed sales.