Question

What is sales compensation plan ? Explain these methods of sales compensation plan (a) Fixed commission (b) On sales (c) On product

Answer 1

Sales compensation plan

Explanation:

• A sales compensation plan is the process of determining the appropriate pay schemes and applying them to the sales force in order to achieve a balance between remuneration and performance.

• In the end, a fixed commission rate simply means that the percentage of commission an agent earns on any final sale price is fixed, regardless of the property's eventual sale price.

• When things in a store are on sale, they can be purchased for a lower price than their regular price.
• When a customer buys a non-certified product from a non-certified producer or conveyer under normal circumstances (non-certified) and wants to convert it to a certified product, the term "product compensation" is used.