Questions and Answers
What is Graduated Commission based on?
Total sales levels
Who receives Override Commission?
Sales supervisor or head of department
What is the main characteristic of Bonus Commission?
It is based on individual sales performance
What distinguishes Override Commission from Graduated Commission?
Signup and view all the answers
When does a sales agent receive Bonus Commission?
Signup and view all the answers
What is the main characteristic of Graduated Commission?
Signup and view all the answers
When does a sales supervisor or head of department receive Override Commission?
Signup and view all the answers
What distinguishes Bonus Commission from regular commission?
Signup and view all the answers
What is the primary factor determining the total earning of a sales agent under Graduated Commission?
Signup and view all the answers
Who receives Override Commission according to the provided information?
Signup and view all the answers
Salary plus Bonus Commission is based solely on the sales agent's earnings from commission alone
Signup and view all the answers
Straight commission is usually 'one' percent
Signup and view all the answers
Bonus Commission is received for exceeding a certain sales quota
Signup and view all the answers
Override Commission is received by the sales supervisor or head of department
Signup and view all the answers
Graduated Commission is based on a basic or fixed salary plus a commission
Signup and view all the answers
Override Commission is an additional commission paid to a sales agent based on store sales or the sales of the representatives who work under the agent.
Signup and view all the answers
Graduated Commission is based on commission rates for different levels of sales.
Signup and view all the answers
Bonus Commission is a type of commission that sales agents receive in addition to their monthly salary.
Signup and view all the answers
The total earning of a sales agent under Graduated Commission is determined by the total store sales.
Signup and view all the answers
Override Commission is paid to a sales supervisor or head of department.
Signup and view all the answers
Study Notes
Types of Commissions
- Commissions are fees charged for specific services or transactions provided to customers.
Straight Commission
- A type of commission where the agent's earnings are based on commission alone.
- Usually, the commission rate is 1%.
Salary plus Commission
- A type of commission where the agent's earnings are based on a basic or fixed salary plus a commission.
- Combines a fixed salary with a performance-based commission.
Bonus Commission
- A type of commission where the sales agent receives a monthly salary plus a commission and/or bonus.
- Bonus is awarded for exceeding a certain sales quota.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
