How Does a Distributor Differ from an Agent

question 60

Multiple Choice

How does a distributor differ from an agent?

• A) The agent pays royalties to the multinational enterprise.
• B) The distributorship shares profits with the multinational enterprise.
• C) The distributor takes title to the merchandise it receives and thereby bears many of the risks connected with commercial sales.
• D) The distributor has the power to enter into contracts on the principal's behalf,but the agent does not.

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Definitions:

Human Nature

The inherent characteristics, including ways of thinking, feeling, and acting, that all humans are believed to share.

Abstract Thoughts

The ability to think about objects, principles, and ideas that are not physically present.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, leading to massive changes in technology, society, and the global economy.

Postindustrial Society

A stage of society's development when the economy transitions from a manufacturing-based economy to a service-based economy, emphasizing the significance of information and technology.