Examlex
What are the steps in finding and training an adequate sales force? Which step is most important?
Fixed Cost
Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance.
Hourly Wages
The rate an employee is paid for each hour worked, often regulated by labor laws.
Guaranteed Contracts
Agreements that assure certainbenefits or compensations, often seen in professional sports and executive employment contracts, regardless of performance or circumstances.
Average Fixed Cost
The fixed expenses of a firm (costs that do not change with output level) divided by the quantity of output produced.
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