EXAM 700-805 REVISION PLAN & EXAMCOLLECTION 700-805 DUMPS TORRENT

Exam 700-805 Revision Plan & Examcollection 700-805 Dumps Torrent

Exam 700-805 Revision Plan & Examcollection 700-805 Dumps Torrent

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Cisco Renewals Manager Exam Practice Dump Provide Best 700-805 Study Questions

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Cisco 700-805 exam tests your knowledge of Cisco’s portfolio of products and services, including their licensing models and support options. You will also be tested on your ability to develop and implement renewal strategies, negotiate contracts, and manage customer relationships. 700-805 Exam is a great way to validate your skills and knowledge as a Cisco Renewals Manager and demonstrate your value to current and potential employers.

Cisco Renewals Manager Sample Questions (Q61-Q66):

NEW QUESTION # 61
Which critical task must be performed during the Qualification phase?

  • A. quote delivery
  • B. Renewal Plan development
  • C. validate customer inventory
  • D. develop a Success Plan

Answer: C

Explanation:
According to the Cisco website1, one of the critical tasks during the Qualification phase is to validate customer inventory, which includes:
* Reviewing the Available to Renew (ATR) report and identifying any discrepancies or missing items
* Confirming the accuracy of the contract end dates, product IDs, serial numbers, and quantities
* Updating the ATR report with any changes or corrections


NEW QUESTION # 62
What is the ATR on a $10,000 one year recurring revenue contract?

  • A. 10% of $10,000
  • B. $10,000 divided by 12
  • C. $10,000
  • D. $12000

Answer: C


NEW QUESTION # 63
Which approach should be applied when renewing a quote?

  • A. Concerns led approach
  • B. Product led approach
  • C. Solutions led approach
  • D. Reward led approach

Answer: C

Explanation:
A solutions led approach should be applied when renewing a quote. A solutions led approach focuses on understanding the customer's pain points, challenges, goals, and desired outcomes, and then proposing a solution that can address them effectively. A solutions led approach is different from a product led approach, which focuses on highlighting the features and benefits of a product or service without considering the customer's specific needs or situation. A solutions led approach can help create more value for the customer, as well as differentiate your offering from competitors. A solutions led approach can also help build trust and rapport with the customer, as well as increase their satisfaction and loyalty. By applying a solutions led approach when renewing a quote, you can demonstrate your commitment to helping the customer achieve their objectives, as well as showcase your expertise and credibility in providing the best solution for them


NEW QUESTION # 64
Who do Renewals Managers (RMs) work with?

  • A. RMs work with account managers to drive ongoing revenue risk assessments and plays.
  • B. RMs work by themselves to develop a high level view customer requirements and objectives.
  • C. RMs work with pre-sales engineers and build customer solutions.
  • D. RMs work with service delivery teams and monitor engagements.

Answer: A

Explanation:
According to the Cisco website1, RMs work with account managers to drive ongoing revenue risk assessments and plays, which include:
* Identifying and prioritizing renewal opportunities
* Developing and executing renewal strategies
* Negotiating and closing renewal deals
* Collaborating with other Cisco teams and partners to ensure customer satisfaction and retention References: 1: Cisco Renewals Manager - Cisco


NEW QUESTION # 65
Which statement is the most accurate description of the Health Index?

  • A. An ongoing measurement of several key customer health indicators
  • B. An ongoing measurement of customer sentiment
  • C. A measurement tool for resolving secific product quality issues and adoption barriers
  • D. A tool for service providers to determine what stage of the lifecycle to offering training solutions

Answer: D


NEW QUESTION # 66
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