MANAGEMENT

BUISENESS MANAGEMENT

EMPLOYMENT ISSUES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Earnings of a salesperson based on the percentage of goods or services sold.
A
Salary
B
Wages
C
Commission
D
Deductions
Explanation: 

Detailed explanation-1: -The industry usually sees, that the basic sales commission rates are not less than 5% for the reps with a good salary. The average commission rate hovers between 20%-30%. Some companies offer a handsome rate ranging from 40%-50% to high-performing reps who aren’t taking a salary home.

Detailed explanation-2: -In sales, these incentives often take the form of a commission-an amount that is paid out on top of a regular salary and is based on the percentage of sales that an employee generates. Sales commission rates range from 5% to as much as 50%, but most companies pay between 20-30%.

Detailed explanation-3: -Tiered commission In the tiered commission model, salespeople earn a certain percentage of commission on all sales up to a designated amount. Once they achieve their revenue goal, their commission increases.

Detailed explanation-4: -The commission rate is the percentage or fixed payment associated with a certain amount of sale. For example, a commission could be 6% of sales, or $30 for each sale.

Detailed explanation-5: -1. 100% Commission. In a straight commission plan, the only income sales representatives earn comes directly from their sales.

There is 1 question to complete.