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Companies Often Find It to Be More Profitable to Use

question 103

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Companies often find it to be more profitable to use a commission or piece-rate system of compensation rather than a salary system, yet many firms continue to pay their workers' salaries.List three reasons why a firm would choose a salary system of compensation.


Definitions:

Brand

A name, term, design, symbol, or any other feature that identifies one seller's goods or service as distinct from those of other sellers.

Customer Service

The assistance and support provided by a company to those people who buy or use its products or services.

Social Media

Platforms that allow individuals to generate and distribute content or engage in networking social activities online.

Target Market

A specific group of consumers at which a product or service is aimed.

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