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Question 104 - Certified Sales Representative discussion

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What is stage velocity in a sales pipeline?

A.
The pace a deal moves from one stage to another
Answers
A.
The pace a deal moves from one stage to another
B.
The number of stages an opportunity must go through
Answers
B.
The number of stages an opportunity must go through
C.
The average length of a customer's contract
Answers
C.
The average length of a customer's contract
Suggested answer: A

Explanation:

Stage velocity is the pace a deal moves from one stage to another in a sales pipeline. It is a measure of how quickly and efficiently a sales representative can move an opportunity from the initial contact to the final close. Stage velocity can help the sales representative to forecast more accurately, identify and remove any bottlenecks or obstacles, and optimize their sales process. The number of stages an opportunity must go through or the average length of a customer's contract are not the correct definitions of stage velocity, although they may affect it. The number of stages may vary depending on the complexity and size of the deal, and the average length of a customer's contract may depend on the type and value of the solution.Reference:Certification - Sales Representative - Trailhead, [Sales Rep Training: Create Effective Selling Habits - Trailhead]

asked 23/09/2024
Vijay Khara
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