ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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According to how much time is worked
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According to the level of output
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According to how many items are sold
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None of the above
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Detailed explanation-1: -The commission may be a specified percentage of the total sales, the number of customers, the salaries of recruited employees or client transactions. For instance, if your sales commission is 25% and you sell products worth ₹100, 000, the employer pays you ₹25, 000 as commission.
Detailed explanation-2: -The average commission rate for sales sits somewhere between 20% and 30% of gross margins, but this depends on the sales structure. Some workers may earn their whole salary through 100% commission, while others earn 10% on top of a base salary.
Detailed explanation-3: -A sales commission is a sum of money paid to an employee upon completion of a task, usually selling a certain amount of goods or services. Employers sometimes use sales commissions as incentives to increase worker productivity. A commission may be paid in addition to a salary or instead of a salary.