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Oracle Incentive Compensation(OIC): Overview: Sales jobs have a significant, measurable impact on the revenue of your business. Keeping your employees motivated and happy is very important for the long-termhealth of your enterprise. Oracle Incentive Compensation plays a part in determiningcash and other tangible rewards. You can use Oracle Incentive Compensation to payemployees, partners, customers, and any nonemployee role. Key terms Used in building compensation plan within OIC Module: • Products are user-defined categories of sales for which your organization awardscompensation. Each product represents a different kind of sale for which yourorganization pays compensation. Classification rules are used to determine theevent eligible for compensation and the basis of calculation. • Formulas determine how the compensation will be calculated. • Rate Tables are the part of a formula that determines the rate at whichachievements is compensated. Rate dimensions are the structur