Question 1 There are only 3 possible ways of how you can grow your business and

Question

Question 1

There are only 3 possible ways of how you can grow your business and they are:

Increase the number of customers, decrease the price of our product, increase the size of our facility.

Increase the number of customers, increase the size of our facility, increase the average transaction size.

Increase the number of customers, increase the average transaction size, increase the frequency of purchase.

Increase the number of custoners, increase the size of our facility, incrase the frequency of purchase.

Question 2

T/F: Time bombs are not that big of a deal when it comes to sales and marketing, so we don't need to worry about them.

Question 3

T/F: There are two major factors to consider when choosing a marketing and sales model. They are the cost to complete each transaction and the value that each transaction brings to the business.

Question 4

T/F: Misaligned organizations will often have a sales team with its own sales plan and a marketing team with its own marketing plan. These two plans do not work well together.

Question 4 options:

Question 5

What does the acronym SLA stand for?

Question 5 options:

Sales Legal Agreement

Service Level Acquisition

Service Level Agreement

Sales Lead Acquisition

Increase the number of customers, decrease the price of our product, increase the size of our facility.

Increase the number of customers, increase the size of our facility, increase the average transaction size.

Increase the number of customers, increase the average transaction size, increase the frequency of purchase.

Increase the number of custoners, increase the size of our facility, incrase the frequency of purchase.

Explanation / Answer

Three possible ways to grow the business are: Increase the number of customers, increase the average transaction size and the frequency of purchase. True, Time bombs are not that big of a deal when it comes to sales and marketing. All we got to do is to focus on customers needs and providing them over and above what they expect from us. While choosing a marketing a sales and model, we usually compare all the options using Return on the investments. Return on investment is nothing but the ratio of what value a transaction brings to the business and what is the cost of efforts that we put in. Thus, the given statement is True. True, Misaligned organizations do not have a clear communication between the sales and marketing teams. Thus, both the teams have their own plans. SLA stands for Service level agreement which is nothing but a contract between a service provider and its customers.

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