Commission

Commission is payment made to sales people or brokers for sales they make or trades they execute. Commission can be a fixed amount or a percentage of the sale or trade. The size of the commission will typically reflect how difficult it was to make the sale. Commission payments can incentivise those liable to receive them to increase output and productivity while for companies where commission payments fluctuate with revenues, it can be an efficient way to manage compensation.

logo-animationlogo-animationlogo-animation

Related terms