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Marketing · Studypool

MKTG301 Week 6 Case Analysis

Instructions

Read each role carefully along with the questions. Then, write one page in the role of the "Meeting planner at Capstone Industries" and one page as the "Event sales rep". Add a title page, reference page and use in-text citations to support your statements.

Meeting Objection

Role: Meeting planner at Capstone Industries, a distribution company

You are responsible for planning the annual meeting for the company. It is the only time that all five hundred employees are in one place. The three-day conference is usually quite a lavish affair; however, this year the budget is much smaller. Your objective is to book a five-star venue despite the budget reduction. You have just taken a tour of the lavish Premier Hotel, and you are impressed. However, the price you received in the proposal is still too high considering the fact that you would be booking five hundred rooms for three nights and three meals per day plus snacks, not to mention the additional business the lounge will realize from your attendees.

Now that the salesperson has made his presentation, what will you say to tell her that the price is too high?

What are the points you want to make in your objection?

Role: Event sales rep, Premier Hotel

You are responsible for booking the events at this spectacular five-star hotel. The convention facilities are state-of-the-art and ideal for large corporate meetings. The accommodations are suites, not rooms, so two people can stay comfortably in each one, which helps reduce the overall cost of rooms. The service is impeccable and has ratings above the Ritz Carlton and Four Seasons. In fact, Premier Hotel has received the J. D. Power and Associates Award for the best service in the hospitality industry.

You have done your presentation along with a pricing proposal and presented it to the prospect. This is an important meeting for the hotel, and it's important that you close the sale. However, first you will need to handle some objections.

What is the value that Premier Hotel offers to Capstone Industries for this meeting?

What objections are you most likely to get?

How you will prepare for each one?

You are not willing to lower the price, so if you get the price objection, how will you handle it?