____________________ Is a Strategy in Which an Organization Attempts to Gain

question 147

Short Answer

____________________ is a strategy in which an organization attempts to gain a competitive advantage by reducing its costs below the costs of competing firms.

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Definitions:

Objections

Resistance or doubts expressed by a potential customer, highlighting concerns or questions regarding a product or service.

Prospect's Objection(s)

Concerns or doubts raised by a potential customer that a salesperson needs to address to move forward with a sale.

Sales Call

A professional interaction, typically initiated by a salesperson, with a potential or current customer aimed at selling a product or service.

Responding

The act of providing a reply or reaction to a stimulus or query, especially in the context of communication with customers or within sales interactions.