A Sales Representative Is Paid the Greater of $950 or 8

question 62

Multiple Choice

A sales representative is paid the greater of $950 or 8% of sales. At what volume of sales will he start to earn more from the commission-based compensation?

• A) $9,500
• B) $1,026
• C) $1,875
• D) $1,187.50
• E) $11,875

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Definitions:

Marketing Mix

The combination of elements (product, price, place, promotion) used by a business to achieve its marketing objectives and satisfy customer needs.

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