Which of the Following Statements About Sales Contests Is True

question 30

Multiple Choice

Which of the following statements about sales contests is true?

• A) Sales contests should be considered as a part of a firm's ongoing compensation plan
• B) Most sales contests should be held for a relatively long period of time in order to maximize benefits and participation
• C) Sales contests should have generalized objectives to allow for unexpected benefits
• D) It is more desirable to have a high percentage of winners in a sales contest than a low percentage
• E) The sales contest in which all the members of the sales force compete against each other is the most popular format

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Definitions:

Income Inequality

The unequal distribution of income and wealth among individuals or groups within a society.

Consumption Patterns

The tendencies or habits of consumers in acquiring and using goods and services over time.

Economies Of Scale

A situation where the cost per unit of output decreases as the scale of production increases.

Income Inequality

The unequal distribution of income among individuals or households in an economy, leading to various social and economic issues.