The document discusses four theories of selling: AIDAS, "right set of circumstances", buying formula, and behavioral equation. It provides details on each theory: AIDAS outlines five steps - attention, interest, desire, action, and satisfaction. The "right set of circumstances" theory emphasizes that everything must be right for a sale. The buying formula focuses on the steps of a customer's needs, solutions, purchase, and satisfaction. Finally, the behavioral equation incorporates drives, cues, response, and reinforcement into a mathematical model of customer behavior.
Sales organization is a part of the total organization which is given the responsibility of selling of products manufactured by a company
It is another organization within the larger organization which is given the responsibility of selling function
It involves people working together for attaining the sales objectives of the company
It is concerned with planning, organizing, leading and controlling the activities of the sales force
Theory Of Personal Selling
1) Introduction of Personal Selling
2) Step in Personal Selling
3)Theory of Personal Selling
a) AIDAS Theory
b) Right to set of circumstances Theory
c) Buying Formula Theory
d) Behavioural Equation Theory
Channel Information Systems
Purpose
Information - Advantages
Classification of Information
Information Process
Developing a Channel MIS
Use of Information
Sources of Data
Competition Tracking
Elements of a Channel Information System
Channel Performance Evaluation
IT System for Channels
Intensive Distribution
Sales organization is a part of the total organization which is given the responsibility of selling of products manufactured by a company
It is another organization within the larger organization which is given the responsibility of selling function
It involves people working together for attaining the sales objectives of the company
It is concerned with planning, organizing, leading and controlling the activities of the sales force
Theory Of Personal Selling
1) Introduction of Personal Selling
2) Step in Personal Selling
3)Theory of Personal Selling
a) AIDAS Theory
b) Right to set of circumstances Theory
c) Buying Formula Theory
d) Behavioural Equation Theory
Channel Information Systems
Purpose
Information - Advantages
Classification of Information
Information Process
Developing a Channel MIS
Use of Information
Sources of Data
Competition Tracking
Elements of a Channel Information System
Channel Performance Evaluation
IT System for Channels
Intensive Distribution
When your product is high involvement, your marketing communications becomes high involvement and that is where direct marketing, relationship & personal selling comes into picture .
Objectives of sales management are derived from the organizations marketing objectives.
Ultimate sales objective of an organisation is to have a decent growth in sales.
More specifically, sales management objectives can be grouped under:
Quantitative Objectives (Short-term)
Qualitative Objectives (Long-term)
When your product is high involvement, your marketing communications becomes high involvement and that is where direct marketing, relationship & personal selling comes into picture .
Objectives of sales management are derived from the organizations marketing objectives.
Ultimate sales objective of an organisation is to have a decent growth in sales.
More specifically, sales management objectives can be grouped under:
Quantitative Objectives (Short-term)
Qualitative Objectives (Long-term)
This presentation is prepared by Toran Lal Verma. this presentation deals with Uses of buying motives, sources of discovering buying motives, difficulties in determining buying motives.
The psychology of selling: Why people buy - Chapter 4 of Fundamentals of Selling by Charles M. Futrell. Presented to the students of Tolani Institute of Adipur as a part of their Sales Management Course
HERE , THIS PPT IS IN DETAIL TELLING ABOUT ALL THE STEPS INCLUDING IN PERSONAL SELLING PROCESS... GO THROUGH IT FOR BETTER UNDERSTANDING ........#PERSONAL SELLING PROCESS #ADVERTISING #PRINCIPLES OF MARKETING .....
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
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Theories of selling
1. Sales Management
Lesson # 3
THEORIES OF SELLING
Sarfraz Ashraf
sarfrax.ashraf@gmail.com
University of Sargodha, Gujranwala Campus
2. THEORIES OF SELLING
➢Selling is considered as an art by some and a science
by others.
➢This has produced two contrasting approaches to
the theory of selling.
3. Four Theories of Selling
➢AIDAS
➢“Right set of circumstances”
➢“Buying Formula”
➢“Behavioral Equation”
4. AIDAS and “Right Set Of Circumstances” are
seller oriented theories.
“Buying Formula” theory of selling is Buyer
oriented.
The “Behavioral Equation” theory emphasizes
the buyer’s decision process but also takes the
salesperson’s influence process into account.
5. AIDAS theory of selling
A-Securing attention.
I-Gaining Interest.
D-Kindling desire.
A-Inducing Action.
S-Building Satisfaction.
6. 1. Attention Getting:
It is the crucial step in the AIDAS process. The objective is to put the
prospect into the right state of mind to continue the sales talk. The
salesperson has to convince the prospect for participating in the face-to-
face interview. A good beginning of conversation may set the stage for a
full sales presentation. The salesperson must apply his social and
psychological skills to draw the attention of the prospect to his sales
presentation.
2. Interest Creating:
The second step is to intensify the prospect’s attention so that it involves
into strong interest. To achieve this, the salesperson has to be enthusiastic
about the product. Another method is to hand over the product to the
prospect and let him handle it. Brochures and other visual aids serve the
same purpose. Throughout the interest phase, the hope is to search out the
selling appeal that is most likely to be effective.
7. 3. Desire Stimulating:
After the attention getting and creating interest, the prospect must
be kindled to develop a strong desire for the product.This is a
ready-to-buy point. Objection from the prospect will have to be
carefully handled at this stage.Time is saved and the chances of
making a sale improved if objections are anticipated and answered
before the prospect raises them.
4.Action Inducing:
If the presentation has been perfect, the prospect is ready to act,
that is, to buy.Very often there may be some hesitation on the part
of the prospect at this stage.The salesperson should very carefully
handle this stage and try to close the deal effectively. Once the
buyer has asked the seller to pack the product, then it is the
responsibility of the seller to reassure the customer that the
decision was correct.
8. 5. Satisfaction:
The customer should be left with the impression that the
salesperson merely helped in deciding. After the sale has
been made, the salesperson should ensure that the
customer is satisfied with the product. The salesperson
should sense the prospect’s mind and brief his talks.
9. “Right Set of Circumstances”
Theory can be summarized as “Every thing
was right”.
This theory is also known as “Situation-
response” theory.
A sales person needs to be well skilled to
handle the set of circumstances.
11. The name “buying formula” has been
given by the late E.K. Strong.
It is a step-by-step explanation of the
buyer’s needs.
Reduced to its simplest form, the mental
processes involved in a purchase are
need solution purchase
12. After adding the fourth element, it
becomes
Need(or problem) solution purchase
satisfaction
13. After modification in the solution and
satisfaction, the buying formula
becomes
need product and/or service and trade
name purchase
satisfaction/dissatisfaction
14. After adding adequacy and pleasant
feelings, it becomes
adequacy pleasant feelings
need product and/or service and trade
name purchase
satisfaction/dissatisfaction
16. J.A. Howard explains buying behavior in terms
of the purchasing decision process, viewed as
phases of the learning process.
Four essential elements of the learning process
included in the stimulus-response model are:
17. 1. DRIVES :
Strong internal stimuli that impel
the buyers response.
❖ Innate :Physiological like hunger, thirst etc
❖ Learned :Strive for status
18. 2. CUES:
Weak stimuli that determine when the
buyer will respond.
Triggering : Activate the decision process (price, smell, aroma etc)
Non-Triggering: Influence the decision process but do not activate
(Package, information on the cover etc)
❖ Product cues(for example, color of the package, weight, or price).
❖ Informational cues
19. 3. RESPONSE:
Response is what the buyer does.
4. REINFORCEMENT:
is any even that strengthens the
buyer’s tendency to make a particular response.
20. Howard incorporates these four
elements into an equation
B =P * D * k * V
✓ B – Act of purchasing
✓ P – Predisposition(inward response tendency)
✓ D- Present Drive level
✓ K – Intensive potential ( value of the product to satisfy
the need)
✓ V – Intensity of all cues