Define "commission" as it would be found in a retail outlet.

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13-08-2024
Business

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Define "commission" as it would be found in a retail outlet.

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-08-13T03:40:23-04:00

Final answer:

Commission in a retail outlet is a payment method incentivizing employees with a percentage of sales volume or profits, requiring a careful balance between base salary and commissions.

Explanation:

Commission in a retail outlet refers to a payment method where sales employees receive a percentage of the sales volume or profits generated. This incentivizes employees to increase sales and maintain customer satisfaction. However, a proper balance between base salary and commissions is crucial to avoid potential pitfalls like neglecting certain customers or focusing solely on sales volume.

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