Sales Quota Refers to

question 71

Multiple Choice

Sales quota refers to

• A)the ratio of sales calls made to actual sales closed.
• B)the minimum number of sales that must be made before a salesperson can be paid.
• C)the maximum threshold for satisfactory performance during an annual performance evaluation.
• D)the maximum number of sales that can be made before receiving a commission on sales.
• E)the specific goals assigned to a salesperson, sales team, branch sales office, or sales district for a stated time period.

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Definitions:

Price Fixing

An illegal agreement among competitors to fix prices at a certain level rather than allowing them to be determined by free market forces.

Clayton Act

The Clayton Act is a U.S. antitrust law enacted in 1914, aimed at promoting competition and preventing monopolies.

Antitrust Laws

Legislation enforced to prevent monopolies and promote competition among businesses.

Celler-Kefauver Act

A U.S. law passed in 1950 to beef up antitrust regulations by restricting corporate mergers and acquisitions that could lead to decreased competition.