2023 Realistic Verified Free Cisco 700-805 Exam Questions
700-805 Real Exam Questions and Answers FREE
Cisco Renewals Manager exam is a valuable certification for professionals working in the field of sales and renewals management. Cisco Renewals Manager certification demonstrates a comprehensive understanding of Cisco products and services, licensing agreements, and customer engagement strategies. Cisco Renewals Manager certification is also an indication of the ability of professionals to develop and execute strategies that drive customer engagement and renewals. Cisco Renewals Manager certification is recognized globally and is highly respected in the industry.
Cisco 700-805 exam is a certification exam for individuals who wish to become Cisco Renewals Managers. Cisco Renewals Managers are responsible for managing the renewal of Cisco products and services. This includes managing contracts, negotiating pricing, and ensuring customer satisfaction. 700-805 exam is designed to test the candidate's knowledge and skills in managing Cisco renewals.
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NEW QUESTION # 26
Which case represents a risk of renewal where a mitigation analysis will help obtain a more desired outcome?
- A. The adoption rate is 50% under the expected level and the plan is six months before the expiration date.
- B. Customer is willing to subscribe to a recommendation case to be publicly communicated.
- C. The health index of a customer is over expected targets with no red flags.
- D. There are no open incidents 30 days before renewal dates.
Answer: A
NEW QUESTION # 27
Which two factors drive subscription value for customers?(Choose two)
- A. Up to date security protection
- B. Continuous access to innovation
- C. Training access
- D. Bunding of software and hardware
- E. Freeware offers
Answer: A,B
NEW QUESTION # 28
Which three financial metrics are critical in renewing subscriptions? (Choose three.)
- A. close rate
- B. annual re curing revenue
- C. training costs
- D. renewal rate
- E. net new sales
Answer: B,C,D
NEW QUESTION # 29
Which statement regarding which tools can be added as value to customer and partners is invalid?
- A. Adopt on Scores which provide insight into how well customers are utilizing service and software they purchase
- B. help manage Discounts for Quoting
- C. gain insight into new and unique business prospects for your customers and expand sales potential
- D. Trusted Data Source for Hardware Refresh and Software renewal insights
Answer: B
NEW QUESTION # 30
Which service offering assists the customer in preparing for emerging industry trends?
- A. Managed
- B. Training
- C. Trending Technical
- D. Advisory
Answer: B
NEW QUESTION # 31
Who do renewals managers (rms) work with?
- A. Rms work by themselves to develop a high level view customer requirements and objectives.
- B. Rms work with service delivery teams and monitor engagements.
- C. Rms work with pre-sales engineers and build customer solutions.
- D. Rms work with account managers to drive ongoing revenue risk assessments and plays.
Answer: D
NEW QUESTION # 32
Which services are contained in the CX portfolio?
- A. Support Services, Business Critical Services, Professional Services, Managed Services, and Learning Services
- B. Support Services, Business Critical Services and Professional Services
- C. Support Services and Business Critical Services
- D. Support Services, Business Critical Services, Professional Services and Managed Services
Answer: A
NEW QUESTION # 33
Which product addresses network segment a in issues and is comprised of Viptela and Meraki products?
- A. Tetration
- B. Cloud services
- C. SD-WAN
- D. Security applications
Answer: C
NEW QUESTION # 34
Which action should a Renewals manager take first?
- A. Assign an RS to priority accounts
- B. Meet and confirm the am,css,csm and their resources
- C. Download contract data and develop a renewals strategy
- D. Meet the customer and perform a renewals diagnosis
Answer: B
NEW QUESTION # 35
Which statement best summarizes the intended outcome of the Success Plan?
- A. generate financial data that indicates a customer's propensity to renew
- B. development of a customer-centric view for achieving value from their portfolio
- C. grow incremental annual recurring revenue
- D. provide scheduling for resolving customer qual y issues
Answer: A
NEW QUESTION # 36
Which success indicator for a Renewals manager is valid?
- A. On-time renewal
- B. New product introductions
- C. Increased deployment of licenses
- D. Stabilized customer satisfaction scores
Answer: A
NEW QUESTION # 37
Which critical task must be performed during the Qualification phase?
- A. validate customer inventory
- B. quote delivery
- C. Renewal Plan development
- D. develop a Success Plan
Answer: A
NEW QUESTION # 38
Which statement is the most accurate description of the Health Index?
- A. A tool for service providers to determine what stage of the lifecycle to offering training solutions
- B. A measurement tool for resolving secific product quality issues and adoption barriers
- C. An ongoing measurement of customer sentiment
- D. An ongoing measurement of several key customer health indicators
Answer: A
NEW QUESTION # 39
Which product addresses network segmentation issues and is omprised of viptela and Meraki products?
- A. Tetration
- B. Cloud services
- C. SD-WAN
- D. Security applications
Answer: C
NEW QUESTION # 40
Which statement best describes the success plan?
- A. A tool for reporting actions to management
- B. A shareable document that captures all account activities
- C. A document capturing a comprehensive view of all customer health scores
- D. The blueprint for account teams to achieve customer success
Answer: C
NEW QUESTION # 41
Who do Renewals Managers (RMs) work with?
- A. RMs work by themselves to develop a high level view customer requirements and objectives.
- B. RMs work with pre-sales engineers and build customer solutions.
- C. RMs work with account managers to drive ongoing revenue risk assessments and plays.
- D. RMs work with service delivery teams and monitor engagements.
Answer: D
NEW QUESTION # 42
How does Cisco define AT R?
- A. Contracts/subscriptions that are available to renew.
- B. Any customer agreement where attrition has been an issue.
- C. ATR is the sum of RR and iARR, minus the attrition rate.
- D. Contracts/subscriptions that have attrition terms revoked.
Answer: A
NEW QUESTION # 43
Which approach should be applied when renewing a quote?
- A. Solutions led approach
- B. Product led approach
- C. Reward led approach
- D. Concerns led approach
Answer: A
NEW QUESTION # 44
Which area of the Success Plan is the Renewal Manager responsible?
- A. Adoption Barriers Overcome
- B. Success Plan Hypothesis
- C. Barriers Predicted
- D. Solution Renewal
Answer: C
NEW QUESTION # 45
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