Domestic-Based Export Agents Perform a Valuable Service for Companies Seeking

question 15

Multiple Choice

Domestic-based export agents perform a valuable service for companies seeking to enter foreign markets. The primary function of these agents is to ________.

• A) carry on exporting activities on behalf of several producers
• B) buy the manufacturer's products and then sell them abroad
• C) buy foreign products and sell them in the domestic country
• D) seek and negotiate foreign purchases for a commission
• E) produce and export products to foreign countries

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Definitions:

Supply and Demand

Economic principles that describe the relationship between the availability of a good and the desire for that good, affecting its price.

Component Firms

Companies that supply parts or services to other businesses in the production process.

End Customer

The final consumer of a product or service who does not intend to resell it; the ultimate user in the distribution chain.

Value

The importance, worth, or usefulness of something, perceived by individuals or markets, often influencing decisions and preferences.