How does a house account differ from other types of accounts?
A)A house account is always unprofitable.
B)A house account is usually too small for attention by a salesperson.
C)No commission is paid on sales to the house account.
D)It is always served by the firm's telemarketing center.
E)Commissions are split among all the salespeople who service the house account's various locations.

Question

Quizplus · Accepted Answer

A house account is a type of account that belongs to the firm itself or its employees, rather than to an external customer or client. Commissions are not paid on sales to the house account because the profit ultimately stays within the firm.

How Does a House Account Differ from Other Types of Accounts