Discuss the conclusion of the membership programmes

Assignment Help Microeconomics
Reference no: EM131799669

Qusetion: Ilham Holiday sells vacation membership programmes whereby people can pay a membership fee and in return take so many holidays per year in resorts owned by the company. The salespeople receive a basic salary equivalent to the amount which would be paid to a fresh university graduate. For each sale they make, they receive a commission and on top of this, they get annual bonuses based on company profitability. Special contests and promotions are organized to encourage workers to put in extra effort. Overseas trips to Europe and America are the prizes for those who win these competitions. Salespeople more likely to receive financial incentives than other groups of worker. Explain your reasons.

Reference no: EM131799669

Questions Cloud

Advise the store manager as to her plan to close department : Advise the store manager as to her plan to close Department A. Include any necessary calculations
Address the aviation role for security : Examine the roles and structures of the Transportation Security Administration (TSA), specifically, address the aviation role for security.
How is information about personal values used in counseling : How is information about personal values used in career counseling? Is it important? Why or why not?
Ideas suggest possibilities for creating new forms : How do her ideas suggest possibilities for creating new forms that could be more productive for teaching and learning in your school setting with your students.
Discuss the conclusion of the membership programmes : Ilham Holiday sells vacation membership programmes whereby people can pay a membership fee and in return take so many holidays per year in resorts owned.
What kinds of interest inventories might you use in practice : This discussion question meets the following CACREP Standard: Use of assessments relevant to academic/educational, career, personal, and social development.
Prepare an unadjusted trial balance : Prepare an unadjusted trial balance. Prepare the following adjusting entries at July 31. Insurance expired during July is $ 400.
Naadac code of ethics to support : What theoretical or standard of care practice will you follow to make a final decision about what to cut from your program?
Integrate diversity into our sourcing processes : Help create an environment in which all team members can contribute, develop, and fully use their talents.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd