Intermediaries Who Set Up Deals with Foreign Buyers but Do

question 24

Multiple Choice

Intermediaries who set up deals with foreign buyers but do not buy the product from the small business owner are called

• A) Agents and brokers
• B) Export Management Companies
• C) Export Trade Companies
• D) Piggyback exporters

---

Definitions:

Bidders

Individuals or entities that offer to pay a specific price for goods, services, or assets, often in the context of an auction.

Bid-rigging

A form of fraud where competing parties conspire to determine the winner of a bidding process.

Cartels

An agreement among competing firms to control prices or exclude entry of a new competitor in a market.

Winning Bidders

The individuals or entities that offer the highest bid in an auction and are subsequently awarded the item or contract.