Commission

(noun)

A percentage fee for the salesman on the sale of a product or service.

Related Terms

Examples of Commission in the following topics:

  • Government Regulation

    • At the federal level, one the earliest institutions was the Interstate Commerce Commission which had its roots in earlier state-based regulatory commissions and agencies.
    • Later agencies include the Federal Trade Commission, Securities and Exchange Commission , Civil Aeronautics Board, and various other institutions.
    • The Securities and Exchange Commission is an example of a government regulatory agency.

  • The bottom line

    • Recently, the American Federal Trade Commission called for a special meeting dedicated to the update of environmental guidelines, which will make greenwashing even more of a bad idea.

  • Social and Legal Considerations

    • Advertising is regulated by the authority of the Federal Trade Commission, a United States administrative agency, to prohibit "unfair and deceptive acts or practices in commerce. " While it makes laymen's sense to assume that being deceptive is being unfair, deceptiveness in practice has been treated separately by the FTC, leaving unfairness to refer only to other types.
    • The UCL "borrows heavily from section 5 of the Federal Trade Commission Act" but has developed its own body of case law.
    • In 1976, the Federal Trade Commission ruled that these claims were misleading, and that Listerine had "no efficacy" at either preventing or alleviating the symptoms of sore throats and colds.

  • Franchise Agreements

    • Prior to a franchisee signing a contract, the US Federal Trade Commission regulates information disclosures under the authority of The Franchise Rule .The Franchise Rule requires that a franchisee be supplied a Uniform Franchise Offering Circular (UFOC ) or Franchise Disclosure Document (FDD ) prior to signing a franchise agreement, a minimum of ten days before signing a franchise agreement.

  • Expectancy Theory

    • An example of this could be a commission on a sale.

  • Investor of involvement

    • In September of 2007, a prominent group of state officials, state pension fund managers, and environmental organizations filed a petition with the Securities and Exchange Commission asking it to adopt guidelines requiring all public companies to disclose the risks of climate change to their business as well as the actions they're taking to mitigate those risks.

  • Suggestions for reducing paper use

    • The Washington Suburban Sanitary Commission decided to replace its billing envelopes with send-and-return envelopes that could be used for both billing and receiving payments.

  • Channels for Industrial Goods

    • Since these agents or brokers shall render services only on demand, a regular, fixed income can be minimized instead; commissions may be given as they render services during season.

  • Civil Rights Act

    • Expanded the Civil Rights Commission established by the earlier Civil Rights Act of 1957 with additional powers, rules and procedures.
    • Required compilation of voter-registration and voting data in geographic areas specified by the Commission on Civil Rights.

  • Americans with Disabilities Act