An Agent That Receives Goods on Consignment from Local Sellers

question 55

Multiple Choice

An agent that receives goods on consignment from local sellers and negotiates sales in large, central markets is called a

• A) commission merchant.
• B) sales branch agent.
• C) selling agent.
• D) manufacturers' agent.
• E) broker-agent.

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Definitions:

Plastic

A wide range of synthetic or semi-synthetic materials that use polymers as a main ingredient and are malleable, making them suitable for various applications.

Wood

A natural, fibrous material derived from trees, widely used for construction, manufacturing, and fuel.

Production Function

A mathematical model that describes the maximum output of a firm, given the inputs of labor, capital, and technology.

Plastic

A wide range of synthetic or semi-synthetic materials that are malleable and so can be molded into solid objects of diverse shapes.