Explain the Concept of "Friction of Distance" and Give an Example

question 19

Essay

Explain the concept of "friction of distance" and give an example of the friction of distance from everyday life.

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Definitions:

Salesforce Compensation Plans

A strategic framework used by companies to incentivize their salesforce, usually including elements such as base salary, commissions, and bonuses.

Nonmonetary Rewards

Benefits offered to employees or customers that do not involve direct payments, such as recognition, awards, or flexible working conditions.

Salesforce Turnovers

The rate at which employees in a company's sales department leave and are replaced over a certain period.

Sales Quota

A specific sales target set for a marketing or sales team or individual within a certain time frame to motivate performance.