Earnings Potential of a Job Should Be Stated in Terms

question 60

True/False

Earnings potential of a job should be stated in terms of what the top producer earns in order to give applicants a feasible figure for which to shoot.

---

Definitions:

Mark-up

Extra costs applied to the basic price of goods for overhead absorption and profitability.

Overhead Expenses

Ongoing costs of operating a business that are not directly associated with the production of goods or services, such as rent, utilities, and administrative costs.

Operating Profit

The income generated by a company's main business activities, not including interest and tax deductions.

Markdown

A reduction from the original or previous selling price of goods or services.