BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Offers a different rate of commission for each level of sales.
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unit rate of pay
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Specified amount of money paid for each sale or percent of the total value of sales.
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optional salary bonus
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Detailed explanation-1: -Graduated Commission. The graduated commission approach involves setting up “tiers” where past a predetermined threshold of sales, an individual’s commission rate goes up. For example, individuals may earn 10 percent on their first $10, 000 in sales, 20 percent in their next $20, 000, and so forth.
Detailed explanation-2: -A graduated commission is a system of compensation for sales people where the percentage of sales earned increases as the sales volume increases. Therefore, graduated commission is also one kind of commission.
Detailed explanation-3: -Revenue Commission Simply put, sales professionals receive a set percentage of all the revenue they sell. Sell $100, 000 in revenue while working with a company that pays out 5% of revenue, and your commission check will be $5, 000.