700-805 Latest Test Braindumps - Quiz 2025 First-grade 700-805: Cisco Renewals Manager Upgrade Dumps

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Cisco Renewals Manager Sample Questions (Q45-Q50):

NEW QUESTION # 45
Which is the first step in a solutions-led sales approach?

A. present quote to customer
B. identify the latest technology release
C. understand the customer's objectives
D. examine previous purchases

Answer: C

Explanation:
a solutions-led sales approach is:
* A sales methodology that focuses on understanding the customer's business needs, challenges, and objectives
* A consultative process that involves discovering, proposing, validating, and closing solutions that deliver value and outcomes for the customer
* A way of differentiating Cisco and partners from competitors by offering integrated solutions that leverage Cisco's portfolio and expertise
* The first step in a solutions-led sales approach is to understand the customer's objectives, which includes:
* Asking open-ended questions to uncover the customer's pain points, goals, and priorities
* Listening actively and empathetically to the customer's responses
* Confirming and summarizing the customer's objectives and expectations References: 2: Solutions-Led Sales Approach - Cisco

NEW QUESTION # 46
What is the primary measurement of success for a Renewals Manager?

A. upsell percentage
B. iARR rate
C. percentage of contracts closed
D. renewal success rate

Answer: D

Explanation:
The primary measurement of success for a Renewals Manager is the renewal success rate, which is the percentage of customers who renew their contracts with Cisco at the end of their term. The renewal success rate reflects the Renewals Manager's ability to retain customers and revenue, as well as to increase customer satisfaction and loyalty. The renewal success rate is calculated by dividing the number of customers who renew by the number of customers who are eligible to renew in a given period. The renewal success rate is different from other metrics such as upsell percentage, percentage of contracts closed, or iARR rate, which are not directly related to the Renewals Manager's role or performance.

NEW QUESTION # 47
Which action can a renewals manager take to drive value in the account?

A. Define the account forecast
B. Manage and mitigate renewal risk
C. Removing adoption barriers
D. Align partners on training

Answer: B

NEW QUESTION # 48
Which business benefit of on-time renewals on Cisco products and services is valid?

A. rebates and discounts from Cisco
B. ability to ensure that our TAC cases get priority over others
C. exclusive relationship with the customer
D. access to training programs and material

Answer: A

Explanation:
On-time renewals on Cisco products and services can provide various business benefits to customers, such as ensuring continuous support, access to the latest software updates, and improved security and performance.
One of the benefits that is valid according to the Cisco Renewals Manager exam is rebates and discounts from Cisco. This means that customers who renew their contracts on time can enjoy lower prices and incentives from Cisco, which can help them reduce their total cost of ownership and increase their return on investment.

NEW QUESTION # 49
What is the key implication on-time renewals have for an IT provider company?

A. recurring business is preserved
B. no major impact if sales are on plan
C. improved customer satisfaction
D. incentives will be paid

Answer: C

NEW QUESTION # 50
......

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700-805 Latest Test Braindumps - Quiz 2025 First-grade 700-805: Cisco Renewals Manager Upgrade Dumps

700-805 Upgrade Dumps & 700-805 Reliable Test Prep

Cisco Renewals Manager Sample Questions (Q45-Q50):

Remarkable 700-805 Practice Guide Grants You High-quality Exam Materials - Itcerttest

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