Which sales standard requires a 70% target?

The correct answer pertains to the Minimum Contribution Plan (MCP) standard, which sets a target that requires achieving at least 70% in sales performance. This standard serves as a benchmark that helps to ensure that sales efforts align with overall business goals and profitability. By establishing a clear target, businesses can effectively measure performance and adjust strategies to meet these objectives.

Understanding the significance of this 70% target is crucial, as it indicates a focus on generating sufficient revenue to cover expenses while also contributing to the company's profit margins. Adhering to the MCP standard can drive sales staff to possess higher accountability and performance, leading to improved business outcomes.

In contrast, the other options present distinct standards or goals unrelated to the specific 70% sales target associated with the Minimum Contribution Plan. Hence, recognizing the role of the MCP in setting performance expectations is vital for effective sales strategy development and execution.