Answer:
straight commission
Explanation:
Straight commission refers to the commission in which only a sales percentage could be given in terms of commission no extra payment, no salary is given. The percentage could be based on the performance of the salesperson i.e how much sales he sold so according to that the percentage is given
Therefore the given situation represents the straight commission method
Answer:
Jarrod exclude from his gross income of $13,500
Explanation:
The following items which are excluded from the gross income are:
1. Tuition = $12,000
2. Books and supplies = $1,500
The total amount would be equal to
= $12,000 + $1,500
= $13,500
These items would be excluded because the deduction is allowed for these items. Whereas, the room and personal expenses are taxable. Hence, it would be included in the gross income
Answer:
False, its score should be 155.
Explanation:
RFM analysis scores customers on a ranking that goes from 1 - 5, with 5 being the best parameter (555 is the ideal customer). The factors used in a RFM analysis are recency, frequency, and monetary value.
Companies perform RFM analysis based on the idea that 80% of the company's total business comes from only 20% of its customers.
In this case, Ajax would get:
- 1 for recency since it hasn't purchased anything in a long time,
- 5 for frequency because when it used to purchase goods, they did it quite frequently
- 5 for monetary value because they were the largest sales
Answer:
Monopolistic competition can promote different features of their products and consumers are willing to pay more for products containing the features that they desire.
Explanation:
- Here many firms create similar products but they are not a substitute of any other.
- This combines monopoly and competitive market
- It is a form of "imperfect competition"
- This has emerged because the product developed by different people target the same set of audience by providing few differentiation.
Examples of monopolistic competition:
- The restaurant business
- Consumer services
- General specialist retailing
- Hotels / Pubs.\
Advantages:
Disadvantage:
- Higher price
- Fewer incentives
Answer:
The Act was introduced to: promote a fair and non-discriminatory marketplace for access to consumer credit
Explanation:
The National Credit Act was enacted on the premise that consumers need to be protected from this practice. The Act thus exerts pressure on the credit lenders to assess the consumer's ability to repay, disclose the cost of credit, as well as setting limit on interest that can be charged.
