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Ryan,a Salesperson,received an Extra Amount at the End of Last

question 35

Essay

Ryan,a salesperson,received an extra amount at the end of last quarter based on his sales performance.He also excelled in customer satisfaction as he could resolve most of the customer complaints.Identify the type of incentive that Ryan has received.


Definitions:

Pareto Efficiency

A rephrased definition: An economic condition where resources cannot be redistributed to benefit someone without adversely affecting others.

Golf Club

A facility equipped for playing golf, often including a course with 18 holes and a clubhouse.

Tennis Racket

A sporting good used to strike a tennis ball in the game of tennis, typically consisting of a handled frame with an open hoop across which a network of strings is stretched.

Perfectly Competitive System

A market structure where many firms offer a homogeneous product or service, with no single company influencing the market price.

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