Which of the Following Statements Provides the Most Accurate Distinction

question 297

Multiple Choice

Which of the following statements provides the most accurate distinction between an agent and a broker? Agents:

• A) represent final buyers while brokers represent marketing intermediaries.
• B) represent one manufacturer in a large sales area, while brokers represent several different manufacturers in a smaller area.
• C) develop a long-term relationship with the people they represent, while brokers are usually hired on a temporary basis.
• D) take title to the goods they help distribute, while brokers never assume ownership of the products they distribute.

---

Definitions:

Supplier Services

The range of services provided by suppliers to support their products, including delivery, installation, and maintenance.

Bulk Purchase

The acquisition of goods in large quantities, often at a reduced price, typically for the purpose of resale or large-scale operations.

Value/Cost Scale

A ratio or comparative metric assessing the benefit (value) received relative to the resources (cost) expended.

Criticality Scale

A measure or ranking that identifies the relative importance or urgency of issues, items, or conditions, often used in risk management and prioritization processes.