Sales quotas are quantitative goals set by managers to measure and compare the performance of individual salespeople and to help determine their compensation. Three major types of quotas are volume-based‚ profit-based and combination quotas‚ and all three can be used either for measurement or for compensation Read more: http://www.ehow.com/info_8664717_types-sales-quotas.html#ixzz2bRPvjhTyA sales quota is something used in many environments where goods or services are sold. It is essentially a
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Forecasting is the process of making statements about events whose actual outcomes (typically) have not yet been observed. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar‚ but more general term. Both might refer to formal statistical methods employing time series‚ cross-sectional or longitudinal data‚ or alternatively to less formal judgemental methods. Usage can differ between areas of application: for example‚ in hydrology
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Sales Maximization A reasonable‚ and often pursued objective of firms is to maximize sales‚ that is‚ to sell as much output as possible. Clearly sales lead to revenue‚ meaning that maximizing sales is also bound to maximize revenue. But as the analysis of short-run production indicates‚ maximizing sales does NOT necessarily maximize profit. So why do firms do it? Are firms unreasonable? Are they irrational? Do they NOT understand the basic economic principles of short-run production? For some firms
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Discuss and illustrate by way of examples the role that a sales person plays in modern marketing organisations There are various types of personal selling jobs‚ and the role of personal selling can vary from one company to another. Selling is one of the oldest professions in the world. The person in charge of the sales go by many names: salespeople‚ sales representatives‚ account executives‚ sales consultants‚ sales engineers‚ agents‚ district managers‚ marketing representatives‚ and account development
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Sales and Marketing Paper August 24‚ 2009 Intro While sales and marketing are sometimes split into two different areas it is important that these two areas work together to achieve a goal for the lodging industry‚ this goal‚ simply put‚ is to increase revenue. This paper will discuss how the sales and marketing departments work together to achieve this goal‚ and how they differ. Included in the discussion will be the importance of STP (Segmentation‚ Targeting and Positioning) and the
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problem of the study is that store is having difficulties in sales transaction and monitoring of sales. B. Specific Problem: 1. Slow transaction 2. Unorganized sales reports * Objectives of the Study A. General Objectives: The general Objectives of the study is to generate an Point of Sales and Inventory System for the Bernada’s Store to eliminate the difficulties in sales transaction and monitoring of sales. B. Specific Objectives: 1. To make the
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|This Employment Agreement (“Agreement”) is made and entered into on | | |between | |whose principal place of business is located at | | |(hereinafter referred to as "Employer") and | | |whose present address and telephone number is
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Indian Contract Act states that‚ "every promise on every set of promises forming the consideration for each other an agreement. An agreement is a form of cross reference between different parties‚ which may be written‚ oral and lies upon the honor of the parties for its fulfillment rather than being in any way enforceable. It is also a fact that an agreement is a proposal and its acceptance‚ by which two or more person or parties promises to do abstain from doing an act. But a contract according
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Art. 1544- Double Sale G.R. No. L-19248 7 SCRA 452 February 28‚ 1963 ILUMINADO HANOPOL vs. PERFECTO PILAPIL‚ BARRERA‚ J.: Case Nature : APPEAL from a decision of the Court of First instance of Leyte. Facts: Hanopol claims ownership of the land by virtue of a series of purchases effected in 1938 by means of private instruments‚ executed by the former owners surnamed Siapo. Additionally‚ he invokes in his favor a decision by the CFI of Leyte (in Civil Case No. 412) rendered
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Brock McKinnon Feb. 12‚ 2004 Sales Ethics What are they and how can they be better Followed? To fully understand the nature of the question posed one must know the meaning of ethics. Webster ’s dictionary defines ethics as the philosophical study of the moral value of human conduct and of the rules and principles that ought to govern it; moral philosophy‚ the moral fitness of a decision‚ course of action‚ etc. Basically‚ I believe ethics is how one makes a decision according to the social
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