Domestic Based Export Agents Perform a Valuable Service for the Companies

question 126

Multiple Choice

Domestic based export agents perform a valuable service for the companies seeking to enter foreign markets. The primary function of these agents is to

• A) carry on exporting activities on behalf of several producers.
• B) export products to foreign countries.
• C) buy the manufacturer's products then sell them in the host country.
• D) seek and negotiate foreign purchases and are paid a commission on those sales.
• E) buy the manufacturer's products and then sell them abroad.

---

Definitions:

Duty of Loyalty

A legal obligation of an individual to act in the best interests of another party or entity, often in a fiduciary capacity.

Flooring

In retail, it refers to the financing or loan provided to cover the cost of inventory; in construction, it pertains to the material used to construct floors.

Installs

The process of setting up software or hardware for it to be ready for use in a computer system.

Principal and Agent

A relationship where the principal grants authority to the agent to act on the principal’s behalf in dealing with third parties.