MANAGEMENT

Detailed explanation-1: -1. Prospecting. The first step in the sales process is prospecting. In this stage, you find potential customers and determine whether they have a need for your product or service-and whether they can afford what you offer.

Detailed explanation-2: -Generate an idea and business plan. The first step to opening a retail store is developing your idea and a business plan. You’ll want to start by determining what store you want to open.

Detailed explanation-3: -The purpose of money is to be exchanged for goods or services therefore based on the above definition, Sales run this world. There are four Steps in the sales process: 1) Greet, 2) Qualify, 3) Present, 4) Close.

Detailed explanation-4: -Here are the main steps for strategic planning. One, analysis of the current state. Here you analyze your organization’s external and internal environment. You may conduct a SWOT analysis, which is an examination of your organization’s strengths, weaknesses, opportunities, and threats.