A sales commission is an example of a ______ compensation plan.
A. pay-for-knowledge
B. profit-sharing
C. pay-for-performance
D. gainsharing
E. Scanlon
C. pay-for-performance
Pay for performance bases pay on one's results. An example is the sales commission, in which sales representatives are paid a percentage of the earnings the company made from their sales, so that the more they sell, the more they are paid.
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The ________ buyers that are available in a market, the ________ an individual buyer is to a business
A) fewer; less important B) fewer; more important C) more; more important D) more wealthy; less important E) more diverse; more important
According to Jackson’s model of group tasks, ______ tasks are involved with reaching consensus on the best solution to a problem.
A. decision-making B. production C. intellective D. cognitive
Franchise Termination. In 1985, Bruce Byrne, with his sons Scott and Gordon, opened Lone Star R.V. Sales, Inc, a motor home dealership in Houston, Texas. In 1994, Lone Star became a franchised dealer for Winnebago Industries, Inc, a manufacturer of
recreational vehicles. The parties renewed the franchise in 1995, but during the next year, their relationship began to deteriorate. Lone Star did not maintain a current inventory, its sales did not meet goals agreed to between the parties, and Lone Star disparaged Winnebago products to consumers and otherwise failed to actively promote them. Several times, the Byrnes subjected Winnebago employees to verbal abuse. During one phone conversation, Bruce threatened to throw a certain Winnebago sales manager off Lone Star's lot if he appeared at the dealership. Bruce was physically incapable of carrying out the threat, however. In 1998, Winnebago terminated the franchise, claiming, among many other things, that it was concerned for the safety of its employees. Lone Star filed a protest with the Texas Motor Vehicle Board. Did Winnebago have good cause to terminate Lone Star's franchise? Discuss.
Describe a bull market and a bear market
What will be an ideal response?