sales-quota

Vocabulary Word

Definition

'Sales quota' refers to the set target that a salesperson or team must achieve in a given timeframe. It can relate to the number of items sold, or the overall revenue brought by sales.

Examples in Different Contexts

In incentive programs, 'sales quotas' are critical for motivating sales staff and driving business growth. An HR manager might detail, 'Our incentive program is designed around sales quotas, rewarding those who surpass their targets with additional commissions and recognition.'

Practice Scenarios

Software

Scenario:

We've managed to get some new clients, but our churn rate is also increasing. This instability is throwing our numbers off.

Response:

I agree. Let's review our customer retention strategies and see how we can improve them to meet our sales quota.

Marketing

Scenario:

The recent marketing campaign didn't perform as expected, and it's impacting our sales numbers. It seems like we need to revisit and revise our marketing strategies.

Response:

Yes, let's revise the marketing plan to attract more potential consumers and meet our sales quota for this quarter.