As incentive are of two types
Monetary incentive
Non monetary incentive
1. Monetary incentive : As i was working for berger paints so the company use to give monetary incentive to the dealers and distributors. As there were scheme regulated every month as per the season and market pull. If the dealer or the distributor complete scheme the use to get credit notes (cn) . Which directly credited to the business. Which was monetary incentive.
2. Non monetary : As per the secondary sale of a paint company the company use to regulate scheme for the promoters . The scheme was on lifting and calculated in volume if the promoter achieve the target then, they use to get gifts according to the scheme i.e bike, phone, domestic appliances etc. This is non monetary incentive.
Economics when applied to real life sounds beautiful. this blog is for those students who are discovering the different facets of economics applications and want to share their discoveries.
Saturday, September 1, 2018
Economics in daily life
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