Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Economics Expert

Evaluation of salary plan based on incentives, straight salaries, commission system and performance evaluations.

Leisure-Time boats is a manufacturer of mid-to-high end boats with 12 sales territories throughout the U.S. Sales are generated by salespeople in each territory who develop relationships with boating distributors and related retailers. At the same point of time history has shown that the firm's sales and profitability vary significantly from year to year depends on general economic conditions. As president of the company you are aware that good salespeople are an important part of your success. You are considering implementing an incentive compensation plan to replace the straight salary plan used to date. You have contemplated a straight commission system based on an objective valuation of sales, as well as a subjective plan which utilizes periodic performance evaluations. Given your choices (salary, straight commission, or a subjectivelan) which do you choose? What are the pros and cons of your choice?

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M918253

Have any Question? 


Related Questions in Business Economics

A person you trust foresees the need for a loan and

A person you trust foresees the need for a loan and suggests that you loan them $2,000 at the end of year 1, $1,000 at the end of year 2, nothing in year 3, and then they will pay you $1,000 in year 4, $2,000 in year 5, ...

Bullbudget impact evaluation instructionsthe board of

• Budget Impact Evaluation Instructions The board of directors at your health care organization need some background on the budgetary process, and more specifically the Medicaid budget. Create a 15- to 20-slide impact ev ...

Jimmy has studied the bond market for the last century and

Jimmy has studied the bond market for the last century, and has determined that the real interest rate is 2%. He has also studied the stock market, and determined that the prevailing real growth rate of stocks is 6%. Jim ...

During a recession the manager for best buys wants to

During a recession the manager for Best Buys wants to increase sales volumes of both flat screen TVs and DVD players to help that department reach its sales goal; however, a recent market research department analysis sho ...

As the chief investment officer for a nyce place to work

As the Chief Investment Officer for "A Nyce Place to Work" you have been given the opportunity to invest in the Super-Tazer. It is a tazer, that when you push the button incapacitates everyone in a 10 foot radius of you. ...

Describe a potential capital expenditure project from the

Describe a potential capital expenditure project from the industry in which you now work or an industry in which you are interested. What is the project? Describe and provide an approximate value of the initial cash flow ...

A rms production process uses labor l and capital k and

A ?rms production process uses labor, L, and capital, K, and materials, M, to produce an output, Q according to the function Q = KLM, where the marginal products of the three inputs are MPL = KM,MPK = LM, and MPM = KL. T ...

The price of a product is 5 and the quantity demanded is

The price of a product is $5 and the quantity demanded is 250 units/week. When the price is increased to $7 the quantity demanded falls to 125. a. Calculate the percent change in price and percent change in quantity dema ...

Business economics assignment - report writingoutcomes-a

Business Economics Assignment - Report Writing Outcomes- a. Have a basic understanding of microeconomic and macroeconomic concepts b. Understand the microeconomic and macroeconomic environment affecting business activiti ...

When some runners in the new york city marathon hit the

When some runners in the New York City Marathon hit the Queensboro Bridge, temptation sets in and, rather than finishing the last 10 miles through Harlem and the Bronx, they hop a ride on the subway and head toward the f ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate