As the Vice President of Sales for a new startup company, you decide to hire and train your own field sales force. You also decide to pay your salespeople with the most common type of compensation plan among companies. This pay plan is the:

Question

Quizplus · Accepted Answer

The most common type of compensation plan among companies for salespeople is the combination plan. This plan typically includes a base salary plus a commission based on sales performance, offering a balance between financial security and performance-based incentives.

As the Vice President of Sales for a New Startup