Economist Thorstein Veblen argued that in the new industrial society, people earned their status by conquest in warfare.

When profit based quotas are used it is more difficult for the salesperson to know where she or he stands in relation to the quota than when sales volume—based quotas are used

Indicate whether the statement is true or false

What is a vertical marketing system (VMS)? What are the various types of VMSs?

What will be an ideal response?