ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -What are customer incentives? Customer incentives are rewards that a brand gives customers for completing certain brand-building behaviors. They can take many forms, including reward points, discounts, freebies, advance access to newly released products, or exclusive sales.

Detailed explanation-2: -Bonuses: Reward team members who hit their quotas with extra money. Commissions: Giving your agents a percentage of every new sale they make is a sure way to increase sales numbers. Salary raises: Offer a salary increase to sales professionals who perform well at the end of sales cycles.

Detailed explanation-3: -Sales incentives are rewards for sales reps for accomplishing their sales goal. The incentive could be monetary or non-monetary, with the underlying aim being the same: to encourage your sales team to meet their goals. As a sales leader, you need both: Sales incentives programs to motivate individual reps and.

Detailed explanation-4: -A sales incentive is a compensation element that is paid to an employee on a variable basis in addition to their fixed salary. It generally is positively correlated to improved company performance, for example: revenue and/or profitability.