A sales commission is money your small business pays an employee when she sells your products or services to customers. Sales commissions are classified as selling expenses which come under Period costs. A period cost is any cost that cannot be capitalized into prepaid expenses, inventory, or fixed assets.
A monopoly firm has no well-defined supply curve. In other words, there is no unique supply curve for the monopolist derived from his MC curve.
The task of any business is to deliver Customer value at a profit.
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