Difficulty: Easy
Correct Answer: Commission
Explanation:
Introduction / Context:
This English vocabulary question checks your knowledge of one-word substitutions that are very common in business and commerce. Competitive exams often test whether a candidate can connect a simple everyday phrase such as "to give money to agents for securing sales" with the precise technical term used in professional communication. Understanding such words helps in reading contracts, marketing material, and organizational policies with clarity.
Given Data / Assumptions:
Concept / Approach:
The key idea is to understand how money is typically paid in different professional situations. A salary is a fixed regular payment, a fee is a charge for a specific service, an incentive is a reward to motivate, and a commission is usually a percentage of the sales value given to agents or intermediaries. By matching the phrase to these core meanings, we can identify the most accurate one-word substitution.
Step-by-Step Solution:
Verification / Alternative check:
You can verify this by thinking of common real life usage: sales agents in real estate, insurance, or stockbroking are said to work "on commission". If they sell more, their commission increases. Dictionaries also define commission as a sum, often a percentage, allowed to salespeople or agents for their services. This aligns perfectly with the idea of giving money to agents for sales.
Why Other Options Are Wrong:
Common Pitfalls:
Learners frequently confuse "commission" with "incentive" or "bonus" because all of them involve extra money. However, commission is tied directly to each sale or to the total sales value, while incentives may be given as occasional rewards. Some also think of salary because many employees work in sales, but salary is not calculated per sale. Being aware of these distinctions is important for precise usage in exams and professional communication.
Final Answer:
The correct one-word substitution for the phrase "to give money to agents for securing sales" is Commission.
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