Module/Unit 1: Assessment Task Questions:: Answer
Module/Unit 1: Assessment Task Questions:: Answer
Module/Unit 1: Assessment Task Questions:: Answer
Questions:
Reflection: This unit is all about the importance of sales management. What I've
understood about this topic is that the sales management as a sales person,
especially the manager of the business must have knowledge of how to run the
business properly. Because the managers are in-charge of everything that
happens within the business. They must be practical in every decision that can
benefit the business. The managers also must not only focus on the present
events and happenings of the business but must also consider the future of the
business so that they can avoid the problems that may happen in the future.
Because some managers are having difficulties when it comes to adopting the
future for the benefit of the business for the reason that they failed to adopt the
new technology and the new way of running the business. So for me, the
management of the business must also have plans for their future if they want to
secure the future of the business.
Questions:
(a) MBA programme - If the person has an MBA programme in their resume,
they have a higher chance of getting a decent job suited for them which belongs
to their advantages and features. And by having lots of jobs that suited for them
this can also be considered as a benefit for the person who has Masters in
Business Administration.
(b) Life insurance - Nowadays people must invest in life insurance given that
we don’t know what will happen in the future so that’s why we must be prepared
so every person must consider getting life insurance for the purpose of insuring
themselves for what might happen in the future. If a person has life insurance
they will lessen the expenses if ever there might be a problem in the future.
Because life insurance has features like paying the bills of the person who has
life insurance who gets injured. It is considered as an advantage because the
family of the person who has life insurance don’t need to find money to be used
because the person is covered with life insurance which they can use for
treatment, etc.
Answer: A salesperson with knowledge about sales related marketing has the
advantages which it comes to performing their job because they can answer any
questions coming from their customers. They also have knowledge about the
products and the sales of the company which can be useful for selling the
products to their customers. So they don’t have problems facing their customers
and answering any questions therefore they can perform their job effectively.
Answer: Salesperson’s job is not over even after the customer purchases the
product or orders it simply because as a salesperson they also need to follow up
the customer if they are satisfied with the product that they purchased. Because
a good salesperson is those who conduct follow-up and continue the
communication with their customers in order to get another purchase from the
same customer in the future because they like the services that they get.
Module/Unit 2: REFLECTION
Reflection: This unit 2 talks about the preparation and process, buying decision
process, buying situations or types of purchases, sales knowledge related to
marketing and the selling process. As what I've learned as a business person we
must know about the different kinds of processes involved within the business
from buying process up to selling process. Because these are considered as
important factors if you want to stay in the business for a long period. If we are
knowledgeable about the business we can have an idea on how the business
works. Just like the selling process which is very important because it might
affect the business financially if it won’t reach the quota needed in order to
continue the operation of the business. Buying decisions is also important
because there are problems that may appear because of buying decisions just
like the products that are necessary but the business has decided to buy it
because they feel like it is important that resulted in loss of the business. So the
business must be careful in every decision they make to avoid mistakes in the
future.
Module/Unit 3: Assessment task
Questions:
Module/Unit 3: REFLECTION
Reflection: In this unit (3) i’ve learned many information that can be used in my
future jobs. This unit is all about sales forecasting and budgeting that also
includes strategic planning and sales budgets. For me, it means that the
important lesson that I learned is that we need to verify the important and legit
information we gather before we make a forecast so that the information we use
as a basis can have accurate estimation in the future. We also need to do the
proper budgeting of the product before we launch it and must consider the future
outcome of this to avoid sales loss in the future. Because some companies fail to
consider the proper budgeting of the product, that's why some businesses fail to
regain the money they invest because the product is a total failure if the
consumers are having time to decide whether they buy the products or not that
resulted in a loss for the company.
Questions:
Answer: Sales managers set a quota to every salespeople who are under
their command simply because they want every salespeople to do their
job. They want them to prove that they deserve to be in that job. Because
if they won’t set quotas, some of the salespeople are just waiting for the
customers to buy and the salespeople are just waiting for their salary
without doing anything to get sales. Unlike setting quotas, the salespeople
are forced to work and persuade potential customers to buy their products.
Answer:
Routing
o Advantage - reduction in travel time and cost.
o Disadvantage - reduce the sales people flexibility and initiative.
Scheduling
o Advantage - Increased Productivity and Efficiency
o Disadvantage - Fatigue
Module/Unit 4: REFLECTION
Reflection: After I read the entire unit I realize that there are activities involved in
managing territorial coverage, which includes routing, scheduling and time
management. These three activities may help in managing my schedule in the
future. As they are also applicable in every action that we do. Just like routing, if
we are having problems going to the specific areas then we find another route to
get there without any problem. Scheduling also may help me in the future to
manage my daily work. It is important that in every job we do we must have plans
for us to manage well. Time is important so we must do our best to make use of
the time and don’t waste it. Just like in our class for this semester since it was
moduled then we should manage our time very well to cope up with the
requirements and pass it on time without delay. In this semester the best way to
pass this subject is the time management and scheduling of our modules.
Questions:
Module/Unit 5: REFLECTION
Reflection: In this unit the main topic that I truly understand is about the
organization structure. That it is about the relationship of the people within the
organization or company. The purpose of this is to improve the relationship of the
employee with their respective jobs. The purpose of this also is to correct the
wrong doings of the employee. For me this kind of activity that helps to improve
the relationship of the people involved is very helpful for me since my habit is to
interact with different kinds of people. So if I’m going to use this as a guide I can
easily understand the different kinds of behavior of the people. This will also help
me to become matured enough to handle different kinds of situations. I’m very
thankful that I get a chance to learn this kind of activity through this module as it
will help me a lot in my future jobs and daily activities.
Questions:
Module/Unit 6: REFLECTION
Reflection: For this unit I have learned that the training is very important for
every employee of the organization or company. Through training the employee
will continue improving on their respective jobs. Even experienced employees
also need training to improve their skills and use it to become more experts. If I'm
going to adopt it myself I will obviously do it. Because not all people are given a
chance to improve themselves. So for me, no matter what work I’m going to do I
will always remember to improve myself in every action that I’m going to do. For
me this is the best teaching that I could get. To continue training is also to
continue improving. I’m pretty sure that with lots of training I can do anything and
nothing is impossible. I would also like to use this as motivation to continue
improving myself for the things that I’m not good at. Even without proper training I
can continue to improve by knowing my mistakes and use it to improve myself.
QUESTIONS:
Module/Unit 7: REFLECTION
Reflection: From this unit who talks about the importance of ethical, social and
legal responsibilities. So from this topic, I can use it to know everything about the
legalities of every business. What are the responsibilities that a business should
follow in order to avoid problems. Not only businesses but also as a person. As a
person, we are obliged also to follow the rules of the society, and also laws from
the government. By following every law we are also avoiding problems and
penalties. That’s why this topic helps me a lot by improving myself by having this
additional knowledge for me to use in the future. Just because I already know the
laws but it doesn’t mean that I can relax, because there are lots of laws and
responsibilities that we need to know. But for now, I will continue improving
myself by knowing most of the laws so that I can avoid problems in the future. I
am also thankful for this information because it helps me a lot facing the realities
in the future.
QUESTIONS:
Answer: Even if the internet is very useful today we can’t deny the fact the
distribution intermediaries are also important in running the business. Let’s
say that the internet is the reason why there is a transaction being done by
the business and the customers but the reason why the products have been
delivered to the customers is the distribution channels so let’s not forget that
distribution has played the major role by delivering the products to the
consumers.
Module/Unit 8: REFLECTION
Reflection: So for this last topic, the very important topic that I have learned is
the importance of the distribution channels for the business and why it is
required. I believed that the business needs all the necessary needs in order to
operate the business well. So distribution channels play a big role because of
that. There will be no business who operates without the distribution because
they can’t reach their customers. And if I’m going to apply this to my personal life,
I believe that there’s no me if I lack those behaviors that help me to become what
I’m today. So always keep in mind that everything happens for a reason. Don’t
just easily forget everything you have done and learn because of one mistake.
Because there’s no such thing as mistakes as long as we are going to stand for
what is right and what we believe in life. For every happenings there is also an
explanation for that. Just believe God and God will do the rest.
Questions:
2. What are some of the promotions with a retailer can organize to:
Answer: Promotion of a retailer can ensure that their customers will stick to their
business. The continuation of conducting promotion will improve the reputation of
the business. This will also give an additional boost to the business especially
with their image.
Questions:
Answer: Wholesalers are the business persons who buy bulk products and
sell them to the market. While the retailers only sell a small quantity of
products to their customers.
Reflection: In three units I realized that being a business person is not an easy
job. You need to prioritize the important part so that you won’t be having
problems in your business operations. By reading the 3 units I have realized that
there are a lot of things to do in order to become a successful business person.
For the last two units which are Retailing and wholesaling all I can say is
that this two types of approach when it comes to selling has different kinds of
meaning also. Retailing for my own perspective is about selling products to the
possible customers in just a small quantity. The products are the same with
wholesaling but the quantity is just too small. Retailers only sell products of
selective persons who want to buy the product while the wholesaling is all about
selling products to lots of customers. Wholesaling can cater to lots of customers
because the products they own are far more compared to retailing. They buy bulk
products from different manufacturers and they are selling it by bulk also. This
two types of approach is applicable to any type of business person. You can be a
solo business person and still you can afford to choose between these two
approaches but of course it depends on your investments if you can afford
wholesaling or not.
Questions:
Answer: I really think that when most of the companies who produced some
of the popular products will reduce their prices and conduct a multi-level
marketing that will help them promote their brands will become successful. It
is because most people today want to buy quality products with a cheaper
price at the same time. Popular products are known to be effective that’s why
most people want this. But there are people who hesitate to buy because of
the expensive prices. That's why if the company will conduct a proper training
to every marketer and promoter then lowering their prices will give a big
impact to every business who sells popular products.
Questions:
Questions:
Answer: Information systems today are very important given that our
technology is very high today. Innovation is too fast and some companies and
businesses won’t cope up. In my own point of view, information systems must
be considered as part of today's business because this will make the
operations of the business faster. Aside from the fast operations the
companies can also benefit from this by giving them high valued information
and data that may help their business someday or in their future plans.
Reflection:
From these three modules I have learned some important things that may
help me in my future jobs. This topic gives also some information that can be
useful for me and for other companies/businesses like the channel information
system that can collect and analyze data about operations of channels in order to
assess the performance and take timely corrective action to continuously
improve performance. Using this will help the company to improve their service
and find ways to avoid the problems that may occur while operating the business.
Because this Channel information system will be the primary tool for every
company to use in order to perform well in their every operation. I also found out
that technology today gives a lot of advantage for every business. Aside from it
being given faster production for every product by manufacturer it also helps the
company by making their job easy as the technology is the one who runs the
company while it is controlled by people in-charge.
I would also like to add another information that I gathered from this
module about channel management. Channel management plays a big role in
running or operating the business. Without them the business won’t become
successful and the business person won’t experience a successful life. Because
through channel management the business can easily handle the delivery of
each product up to sellers, retailers, and customers. They are the one who
manage the distribution of products and secure the products to be safe and avoid
damages until they reach the end users or the people who ordered the products.
All of this information is one of the many reasons why I want to learn everything
about the business field and operations for me to know and gather important
details that can be useful for my future.
1. DISTRIBUTION MANAGEMENT
2. THE 7 SELLING PROCESS
3. MARKETING CHANNEL
4. RETAILING
5. SORTING
6. The system will carry out all of the necessary activities to achieve
and meet customer expectations at the lowest cist
7. CONFLICT
8. MANIFEST
9. MATERIAL MANAGEMENT
10. INVENTORY CONTROL