With a ________ compensation structure, salespeople get the security of a steady income along with the economic incentive to achieve their individual sales goals.Group of answer choicesbase salary plus bonuscommission plus bonuscommission-onlybase salary plus commissionsalary-only
Question
With a ________ compensation structure, salespeople get the security of a steady income along with the economic incentive to achieve their individual sales goals.Group of answer choicesbase salary plus bonuscommission plus bonuscommission-onlybase salary plus commissionsalary-only
Solution
The correct answer is "base salary plus commission". In this compensation structure, salespeople receive a fixed base salary regardless of their sales performance, providing them with a steady income. Additionally, they also receive a commission based on the sales they make, which serves as an economic incentive for them to achieve their individual sales goals.
Similar Questions
In terms of sales compensation, a ________ is the fixed amount of money paid to a salesperson by the organization in return for work performed.Group of answer choicesNone of these answers are correct.base salaryrecoverable drawbonuscommission PreviousNext
A salesperson’s base salary typically includes benefits, bonuses, or any other potential compensation.Group of answer choicestruefalse
Multiple Choice QuestionWhat is an incentive system that pays a fixed amount or a percentage of the employee's sales?Multiple choice question.WagesBonusesSalaryCommission
Salary-only compensation plans are very common in sales.Group of answer choicestruefalse
A _____ is one in which the employee receives no base pay and entire pay is based on meeting sales goals.Responsesstraight commission planstraight commission planprofit-sharing planprofit-sharing planstock ownership planstock ownership planspot bonus
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.