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Key Terms
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eighty/twenty principle (80/20)  A situation in which a few key or large accounts bring in 80 percent of profitable sales although they represent only 20 percent of total accounts.
account analysis  The process of analyzing each prospect and customer to maximize the chances of reaching a sales goal.
account segmentation  The process of applying different selling strategies to different customers.
break-even analysis  A quantitative technique for determining the level of sales at which total revenues equal total costs.
ELMS system  The process of dividing customers into varying size accounts.
key accounts  Accounts the loss of which would greatly affect sales and profits.
routing  The travel pattern used in working a sales territory.
sales response function  The relationship between sales volume and sales calls.
sales territory  The group of customers or a geographical area assigned to a salesperson.
scheduling  The establishment of a fixed time for visiting a customer's business.
undifferentiated selling  The process of applying and designing selling strategies equally to all accounts.







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