Word list for Business chapter 1 sec 1

Michael R.
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Full list of words from this list:

words only definitions & notes
  1. salesperson
    a person employed to represent a business and to sell its merchandise (as to customers in a store or to customers who are visited)
    Goals:
    • To be able to calculate straight commission earning
    • To be able to calculate commissions based on quota
    • To be able to calculate graduated commission earnings
    • To be able to find the rate of commission
    Straight Commission
    Some salespeople earn a commission instead of a fixed salary or hourly pay.
  2. commission
    the act of granting authority to undertake certain functions
    Chapter 1, section 4 Commission Return to Main Page
    EQ: What are commissions?
  3. sale
    the general activity of selling
    A commission may be an amount for each item sold, or it may be a percent of the dollar value of sales.
  4. paid
    marked by the reception of pay
    Commission = Quantity Sold ($) x Rate of Commission
    Example:
    Maxwell Lytle sells decorative notepads and is paid a straight commission of $0.80 on each notepad he sells.
  5. rate
    a quantity considered as a proportion of another quantity
    Goals:
    • To be able to calculate straight commission earning
    • To be able to calculate commissions based on quota
    • To be able to calculate graduated commission earnings
    • To be able to find the rate of commission
    Straight Commission
    Some salespeople earn a commission instead of a fixed salary or hourly pay.
Created on 七月 29, 2011

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