Sue works as a salesperson in a clothing store. She earns $7.25 per hour plus COMMISSION, which is based on her sales revenue.
Types of Sales Commissions:
1) Gross profit commission - based on gross profit (sales - cost)
2) Revenue Commission ⇒ Sue's commission
3) Placement Fees - fixed amount on every unit sold
4) Revenue Gates - based on performance
Answer:
it provides its customers benefits similar to its competitors but at a lower price
Explanation:
N/A
Answer:
D) Liquidity
Explanation:
A closely held corporation has a limited number of stockholders, that is why their shares are not frequently traded. An advantage of purchasing shares from a publicly traded corporation is that they are traded on a daily basis, and if the investor needs to sell his/her shares, it can be done fairly quickly (they are a fairly liquid investment). On the other hand, since the shares of a closely held corporation are not frequently traded, even though they might be listed on a stock exchange, it may take much longer to sell them which makes them an illiquid investment.
Answer:
The condition that make its difficult for firms to coordinate their efforts to control output quotas and pin point cheating is A) when market demand tends to be more volatile.
Explanation:
All the options except A will make it difficult for firms to control output quotas and detect cheating. From reading the options B,C and D it is quite clear that in the market there is a presence of cartel ( which can be defined as a association of producers in an industry who comes together to set the prices and output quotas ) but even if there is presence of cartel in industry, the efforts to restrain output will fail if the demand of the products and services in volatile in the market, it would become difficult for them to pin point where the cheating has taken place.
Answer:
Provide protective mechanisms.
Explanation:
The five principles used to create a more ethical culture at work are:
- Be a role model and be visible.
- Communicate ethical expectations.
- Offer ethics training.
- Visibly reward ethical acts and punish unethical ones.
- Provide protective mechanisms: he company needs to provide some type of formal protective mechanism for employees who want to report unethical behavior and may fear getting in trouble for doing so. This way the employee can remain anonymous and will feel conformable with disclosing the information.
