What Is the Advantage of Using Agents and Brokers When

question 67

Multiple Choice

What is the advantage of using agents and brokers when a firm does not have its own sales force?

• A) Agents and brokers have extensive knowledge of the needs of consumers.
• B) Agents and brokers gather and sort information for online consumers.
• C) Agents and brokers can act as e-intermediaries for internet sales.
• D) Agents and brokers have extensive knowledge of the markets and merchandise.
• E) Agents and brokers encourage syndicated selling.

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Definitions:

Maximization Problem

A type of optimization problem that seeks the highest possible value of an objective function under given constraints.

Feasible Region

The set of all possible points that satisfy a system of constraints, typically within the context of optimization problems.

Feasible Region

In optimization and linear programming, the set of all possible points that satisfy the problem's constraints, representing valid solutions.

Constraints

Limitations or restrictions that affect the strategies and goals of an operation or project.