700-805 Latest Exam Pattern, Sample 700-805 Questions
700-805 Latest Exam Pattern, Sample 700-805 Questions
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Tags: 700-805 Latest Exam Pattern, Sample 700-805 Questions, Valid 700-805 Test Answers, 700-805 Examinations Actual Questions, Reliable 700-805 Dumps Ebook
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Even though we have already passed many large and small examinations, we are still unconsciously nervous when we face examination papers. 700-805 practice quiz provide you with the most realistic test environment, so that you can adapt in advance so that you can easily deal with formal exams. What we say is true, apart from the examination environment, also includes 700-805 Exam Questions which will come up exactly in the real exam. And our 700-805 study materials always contain the latest exam Q&A.
Passing the Cisco 700-805 exam demonstrates that an individual has the knowledge and skills required to manage Cisco products and services effectively. Cisco Renewals Manager certification can help professionals enhance their career prospects and increase their earning potential by demonstrating their expertise in managing and renewing Cisco products and services.
Cisco 700-805 exam covers a wide range of topics, including understanding Cisco products and services, managing customer relationships, and applying sales and negotiation skills. 700-805 exam is a combination of multiple-choice and simulation questions and takes approximately 90 minutes to complete. Passing the exam requires a score of at least 70%. Successful candidates will receive the Cisco Renewals Manager certification, which is valid for two years and can be renewed through the Cisco Continuing Education Program. Obtaining this certification can enhance career opportunities and increase earning potential for professionals in the Cisco partner ecosystem.
Cisco 700-805 Certification Exam is designed to test the knowledge and skills of professionals who are responsible for managing and renewing Cisco contracts and services. 700-805 exam is intended for individuals who work in the IT industry and have experience with Cisco products and services. 700-805 exam measures the ability of the candidate to manage and renew Cisco contracts and services, including software subscriptions, hardware warranties, and service contracts.
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Cisco Renewals Manager Sample Questions (Q89-Q94):
NEW QUESTION # 89
Which statement best describes the Success Plan?
- A. a shareable document that captures all account activities
- B. a tool for report ng actions to management
- C. the blueprint for account teams to achieve customer success
- D. a document capturing a comprehensive view of all customer health scores
Answer: B
NEW QUESTION # 90
Which action can a Renewals Manager take to drive value in the account?
- A. Removing adopt on barriers.
- B. Manage and mitigate renewal risk.
- C. Def ne the account forecast.
- D. Align partners on training.
Answer: B
Explanation:
An action that a Renewals Manager can take to drive value in the account is to manage and mitigate renewal risk. Renewal risk is the possibility that a customer will not renew their contract with Cisco at the end of their term, resulting in revenue loss and customer churn. Renewal risk can be caused by various factors, such as low adoption, poor satisfaction, lack of value realization, competitive pressure, budget constraints, or organizational changes. A Renewals Manager can manage and mitigate renewal risk by:
Identifying and prioritizing the accounts that have the highest risk of non-renewal, using data and tools such as ATR (Annualized Total Revenue), ARR (Annual Recurring Revenue), iARR (Incremental Annual Recurring Revenue), TPV (Total Partner Value), icebreaker (a tool that provides insights into new and unique business prospects), and Adopt on Scores (a tool that provides insight into how well customers are utilizing service and software they purchase from Cisco).
Developing and executing a risk mitigation plan for each high-risk account, involving actions such as engaging with the customer, understanding their needs and challenges, demonstrating value and ROI, addressing any issues or concerns, proposing improvements or enhancements, offering incentives or discounts, or leveraging partners or references.
Monitoring and tracking the progress and results of the risk mitigation plan, using data and tools such as CCW-R (Cisco Commerce Software Subscriptions and Services), which is a tool that allows customers and partners to quote, order, and manage their service contracts and software subscriptions from one place; and Customer Success Plan, which is a document that captures the account team's strategy and actions to achieve customer success.
Collaborating with other account team members, such as Customer Success Managers, Account Executives, or Sales Engineers, to align on the renewal strategy, share information and insights, coordinate activities and touchpoints, and deliver a consistent and positive customer experience.
By managing and mitigating renewal risk, a Renewals Manager can drive value in the account by increasing the chances of a successful renewal, retaining customers and revenue, enhancing customer satisfaction and loyalty, and creating opportunities for upsell or cross-sell.
NEW QUESTION # 91
Customer A purchased a one-year webex contract of 100 seats at $10 per seat. Customer B purchases a three-year webex contract of 100 seats at $10 per seat. What is the annual recurring revenue(ARR) for each?
- A. $1000 and $1000
- B. $3000 and $3000
- C. $1000 and $3000
- D. $1100 and $3300
Answer: A
NEW QUESTION # 92
Which detail is provided in the scorecard by using the Total Program View tool?
- A. renewal rate
- B. new products
- C. EOL products
- D. program rate
Answer: A
Explanation:
According to the Total Program View (TPV) User Guide1, the scorecard is a dashboard that provides a summary of the partner's performance across different programs and metrics. One of the metrics that is provided in the scorecard is the renewal rate, which is defined as:
The percentage of recurring revenue that is retained or renewed within a defined time period (usually 90, 180, or 365 days) A key indicator of customer satisfaction, retention, and loyalty A factor that affects the partner's incentives and rebates
NEW QUESTION # 93
Which business benefit of on-time renewals on Cisco products and services is valid?
- A. exclusive relationship with the customer
- B. ability to ensure that our TAC cases get priority over others
- C. rebates and discounts from Cisco
- D. access to training programs and material
Answer: B
NEW QUESTION # 94
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