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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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.

Learn more about Sales Commissions in Retail Outlets here:

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