Commission

Compensation given by a principal to a party (usually an agent, intermediary, or sales representative) representing it. Sales commission, a percentage of the selling price (usually without including transportations costs), is the most commonly way to pay sales services in…

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Commission agent

An international agent who is paid a percentage of the sales he or she generates. The Agent offers products to potential clients in an assigned territory (usually a country), strictly in accordance with the sale conditions indicated to it by…

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Commission sales agreement

A type or contract, whereby a person or company acts as a sales agent on behalf of the exporting company (principal), introducing its products to potential buyers in the external market, in exchange for a commission based on the value…

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Commissioning

The process used to test equipment to verify that it functions according to its specifications.

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Commodity

Broadly speaking, any article exchanged in trade, but commonly used to refer to raw materials and bulk-produced agricultural products such as cereals, coffee or tea.

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