Which of the Following Correctly Defines the Role of an Export

question 44

Multiple Choice

Which of the following correctly defines the role of an export broker?

• A) An export broker is an intermediary who plays the traditional broker's role by bringing buyer and seller together.
• B) An export broker is an intermediary who acts like a manufacturer's agent for the exporter; the export agent lives in the foreign market.
• C) An export broker is an intermediary in the global market that assumes all ownership risks and sells globally for its own account.
• D) An export broker is an intermediary who sells domestically produced products to buyers in other countries.

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Definitions:

Marginal Revenue

The additional income that is generated by selling one more unit of a good or service.

Marginal Revenue

Marginal Revenue refers to the extra revenue that is earned by selling an additional unit of a product or service.

Marginal Cost

The hike in total expenditure linked to the production of one additional good or service unit.

Monopolistically Competitive

Describes a market structure where many firms sell products or services that are similar but not perfect substitutes, leading to competitive pricing and differentiation.