Cisco 700-805 Exam Preparation Guide and PDF Download
Verified & Correct 700-805 Practice Test Reliable Source Apr 14, 2023 Updated
NEW QUESTION 23
Which group of products are enterprise networking products?
- A. iWAN, Viptela, Meraki
- B. Salesforce, Box, AWS
- C. WAN, LAN, Wireless
- D. Routing, Switching, Access Points
Answer: D
NEW QUESTION 24
Which statement best summarizes the intended outcome of the Success Plan?
- A. Grow incremental annual recurring revenue
- B. Generate financial data that indicates a customer's propensity to renew
- C. Provide scheduling for resolving customer qual y issues
- D. Development of a customer-centric view for achieving value from their portfolio
Answer: D
NEW QUESTION 25
What is the primary measurement of success for a Renewals Manager?
- A. Iarr rate
- B. Upsell percentage
- C. Percentage of contracts closed
- D. Renewal success rate
Answer: D
NEW QUESTION 26
Which task should a Renewals Manager perform during the Prospect phase?
- A. Terms negotiation
- B. Review new opportunities
- C. Risk Assessment
- D. Risk mitigation
Answer: C
NEW QUESTION 27
Which action should a Renewals Manager take first?
- A. Download contract data and develop a renewals strategy
- B. Meet and confirm the AM, CSS, CSM and their resources
- C. Assign an RS to priority accounts
- D. Meet the customer and perform a renewals diagnosis
Answer: A
NEW QUESTION 28
Which strategy for successful renewal of service contracts calls for discussing changes in the network and identifying any uncovered additions to the network?
- A. Focus on benefits
- B. Locak in revenue streams through co-termination
- C. Validate the customer's business needs
- D. Explore upsell opportunities
Answer: C
NEW QUESTION 29
Which three financial metrics are critical in renewing subscriptions?(Choose three)?
- A. Renewal rate
- B. Net new sales
- C. Training costs
- D. Annual recurring revenue
- E. Close rate
Answer: A,C,D
NEW QUESTION 30
Which statement best describes an Ask the Expert session?
- A. A pre-recorded webinar from an expert
- B. A one on one coaching engagement covering specific use cases
- C. A hosted educational webinar with live expert Q and A
- D. A 24-7 phone line providing expert advice
Answer: B
NEW QUESTION 31
Which strategy contributes to the successful renewal of service contracts?
- A. Offer discounts.
- B. Discount multi-year service agreements.
- C. Communicate product performance, pricing, and position.
- D. Lock in revenue streams through co-termination.
Answer: C
NEW QUESTION 32
What does iARR measure?
- A. our ability to expand upon existing customer value
- B. our ability to increase renewal rates through pricing controls
- C. our ability to internally align renewable resources
- D. our ability to monitor product utilization, and financial growth collectively
Answer: D
NEW QUESTION 33
Which architecture addresses customer needs for voice, video, and data?
- A. Collaboration
- B. Enterprise networking
- C. Security
- D. Data Center
Answer: A
NEW QUESTION 34
Which licensing model is the most complex for a customer to manage?
- A. A La Carte
- B. Enterprise agreement
- C. Subscription
- D. Managed service agreement
Answer: D
NEW QUESTION 35
Which action should a Renewals manager take first?
- A. Download contract data and develop a renewals strategy
- B. Assign an RS to priority accounts
- C. Meet the customer and perform a renewals diagnosis
- D. Meet and confirm the am,css,csm and their resources
Answer: D
NEW QUESTION 36
What is the key implication on-time renewals have for an IT provider company?
- A. Incentives will be paid
- B. Improved customer satisfaction
- C. No major impact if sales are on plan
- D. Recurring business is preserved
Answer: D
NEW QUESTION 37
Which service offering helps define the customer's IT vision and strategy?
- A. Optimization
- B. Training
- C. Advisory
- D. Support
Answer: C
NEW QUESTION 38
Which area of the success plan is the renewal manager responsible?
- A. Solution renewal
- B. Success plan hypothesis
- C. Barriers predicted
- D. Adoption barriers overcome
Answer: A
NEW QUESTION 39
Which statement best describes the Success Plan?
- A. a document capturing a comprehensive view of all customer health scores
- B. the blueprint for account teams to achieve customer success
- C. a tool for report ng actions to management
- D. a shareable document that captures all account activities
Answer: A
NEW QUESTION 40
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