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Cross sell is when customer comes up to buy something and we sell completely a different product (not similar) For Example: Customer wants to buy Quatrro and we sell Convergys. Up sell is when customer comes to buy something and we sell the similar product but expensive one. For Example Customer wants Oxicogen and we sell him Quatrro which is much more expensive.
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∙ 15y ago
Musclegarage Fitness
Upselling is the practice of encouraging customers to purchase a comparable higher-end product than the one in question, while cross-selling invites customers to buy related or complementary items. Though often used interchangeably, both offer distinct benefits and can be effective in tandem.
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Offering a customer additional products or services is cross-selling or?
up-selling
How do you mark up pricing?
Mark up is the percentage difference between the selling price of a product (to the customer) and the cost of the product (you bought it for). For example, you sell a sandwich at £1.99 and it cost you £1.40 to make it. The difference is £0.59. So the mark up is £0.59/£1.40 x 100% = 42.14%
What is the difference between suggestive selling and upselling?
Suggestive Selling is getting the customer to consider a purchase he/she might otherwise have not thought of or made. Example: Good evening, I'm Mark your waiter tonight, I'll bring the menus in a moment, would you folks like to start off with a drink tonight? Up-selling is moving the customer up in purchase price, but the customer has already indicated he/she is ready to buy. Example: So you folks would like a nice red wine to go with your sizzling steaks, excellent. May I suggest a New World Merlot, our Chef has paired it with your meal selection, it's only $5.00 more. My thoughts...
What is the difference between sales clerk and sales associate?
sales cleck ring up your sales and sales associate shows you merchantise
I was told that you should divide the cost of an item by .75 for a 25 perc. margin. However this result is different from a 25 markup. What is the difference between a percentage markup and a margin?
Margin is the percentage of profit based on sales price while mark-up is the percentage gain based on cost. A 25% mark-up results in a 20% margin. For example, an item costs $80. You mark it up 25% (80 x 1.25) and you selling price is $100. A profit of $20 is 20% of $100 so you have a 20% margin. Similarly, a 50% mark-up will result in a 33% margin. To calculate the selling price at a given margin, you have the correct formula. You divide the cost by 1 minus the margin percentage. So, if you want a 25% margin, your cost will be 75% of the selling price. So you take cost divided by .75 to arrive at the price. If you want a 30% margin, divide your cost by .7 which is (1 - .3).
Is mark up based on selling price or cost?
Mark up is how much money that the store thinks it can make by selling the product. It is the difference between cost and selling price.
Offering a customer additional products or services is cross-selling or?
up-selling
What the difference between serving and selling?
When you serve something you deliver it, when you sell something people pick it up.
What is another word for Cross-selling?
the word up selling come to mind but i don't u want to use the word 'selling'
Example of up selling and cross selling?
A person suggests a new product or service to an old client of the company
What is the difference between a mark up and a margin?
A markup is what percentage of the cost price you add on to arrive at the selling price. Margin, on the other hand, is the percentage of the final selling price that is profit.
What is the difference between a cross linked polymer and a polymer?
Cross linked polymers are made of 2 or more monomers whereas a simple polymer is made up of a single monomer.
Can you trade in a car your upside down on for a lease?
Sure, you can trade it in, but you will have to make up the difference in $$ between the selling price and what is still owed on the original lease.
What is the difference between the actual cost of a happy meal and the selling cost?
any were from 55- 80 cents depends on make up of the happy meal..
How do you mark up pricing?
Mark up is the percentage difference between the selling price of a product (to the customer) and the cost of the product (you bought it for). For example, you sell a sandwich at £1.99 and it cost you £1.40 to make it. The difference is £0.59. So the mark up is £0.59/£1.40 x 100% = 42.14%
What is the difference between interest and markup?
Difference between interest and mark up
Difference between broker and jobbers?
The difference between a broker and jobbers is the role that they play in the buying and selling of stocks. A broker is hired by an investor to buy and sell stock for them. A jobber ensures that when the broker wants to buy or sell, that there is someone lined up for the broker to buy or sell from.
