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

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Definitions:

Income Effect

The change in an individual's or economy's income and how that change will impact the quantity demanded of a good or service.

Complementary Effect

The impact that the improvement or performance of one product or service has on the demand for another that is used in conjunction with it.

Fast-Food Restaurants

Eateries that serve food quickly and efficiently to customers, often characterized by a limited menu of pre-prepared or rapidly cooked items.

Oligopolistic Competition

A market structure characterized by a small number of firms that dominate the market, leading to competitive yet interdependent pricing and marketing strategies.