Even Though Commissions Are Often Based on a Percentage of Dollar

question 103

Multiple Choice

Even though commissions are often based on a percentage of dollar sales,they can be based on _____________ instead.

• A) number of new accounts
• B) customer satisfaction ratings
• C) customer service problems resolved in some time period
• D) all of these alternatives are true

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Definitions:

Price Discrimination

A pricing strategy where a business charges different prices to different customers for the same product or service, based on what the seller believes the customer is willing to pay.

Producer

An individual or organization that creates goods or services to sell to consumers.

Price Discrimination

The strategy of selling the same product or service at different prices to different groups of consumers, typically based on willingness to pay.

Deadweight Loss

A loss in economic efficiency that occurs when the equilibrium output is not achieved or when supply and demand are out of balance.