All the following are the types of commission, EXCEPT?ResponsesInterestInterestGraduated Graduated StraightStraightSalary Plus
Question
All the following are the types of commission, EXCEPT?
- Responses
- Interest
- Interest
- Graduated
- Graduated
- Straight
- Straight
- Salary Plus
Solution
To answer the question about types of commission, we should first understand what commissions are generally used for in sales and business. Commissions are incentives that encourage salespeople to sell more products or services. Each option provided pertains to different structures of compensation, but one of these is not a type of commission.
- Interest: This typically refers to a fee paid for the use of borrowed money or a return on investment, and not a commission structure.
- Graduated: This is a type of commission that increases as sales increase, rewarding higher performance.
- Straight: This is a straightforward commission structure where the salesperson earns a fixed percentage on each sale.
- Salary Plus: This option combines a base salary with commission, providing a stable income along with performance incentives.
Conclusion
The correct answer is Interest, as it does not qualify as a type of commission structure. It relates to finance and economics rather than sales compensation.
Similar Questions
All the following are the types of commission, EXCEPT?ResponsesInterestInterestGraduated Graduated StraightStraightSalary Plus
What type of commission is when a sales is paid a percentage of sales only?Responses
Which of the following is an example of above-the-line talent?Group of answer choicesLawyerActorAccountantHR associate
Which of the following is considered a job role?Life insurance actuaryMicrosoft Word skillsEntry-levelSeller
22.Explain a type of competency. A. Traditional competencies B. Market competency C. Financial competency D. Distinctive competency
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.