CloudNine,an advertisement agency,charged Sparkles Inc.$50,000 at the rate of $5,000 an hour for the ten hours it spent designing an advertisement for the firm's new product launch ad.Which of the following systems of compensation did CloudNine utilize?

Question

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CloudNine utilized a fee system, as they charged a fixed amount for the hours spent designing the advertisement, rather than receiving a percentage of the product launch ad's sales (commission system), adding a markup to their costs (markup charge system), or getting paid only if the ad resulted in a certain outcome (pay-for-results system).

CloudNine,an Advertisement Agency,charged Sparkles Inc