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WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebCommission PlanA commission plan refers to a strategy or arrangement by which individuals or businesses earn a percentage or fixed amount of money as compensation for successfully completing a sale or achieving specific goals. Meanings:Noun:1. A payment structure that provides incentives to salespeople or employees based on their performance and the amount of sales they generate. 2. A formal agreement or contract outlining the terms and conditions under which an agent or representative earns commission. Verb:1. To establish or devise a strategy for compensating individuals or employees based on sales performance or other goals. Examples:As a noun:1. The company offers an attractive commission plan to motivate its sales team. 2. She earned a significant amount through the commission plan by closing several high-value deals. As a verb:1. The manager commissioned a new sales plan to increase productivity. 2. They have commissioned an innovative commission plan to encourage agents to exceed their targets. Related Products on Amazon:Below are some related products on Amazon that may be of interest: | ||||
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