Agency Compensation Under the Commission System Is Based On

question 10

Multiple Choice

Agency compensation under the commission system is based on:

• A) the total number of hours worked
• B) a percentage of a client's marketing budget
• C) a specified percentage of any advertising time or space the agency purchases for its client
• D) a percentage of advertising production costs

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Definitions:

Social Consensus

An agreed-upon understanding among members of a society on various issues and norms.

Public Policy

Principles and standards considered by the government in addressing issues which affect the public at large.

Slamming

The illegal practice of changing a consumer’s telephone service without permission.

Limited Warranties

Warranties that cover only certain parts, certain defects, or have other specific limitations established by the seller.