When an Export Management Company (EMC) Acts as a Commission

question 90

Multiple Choice

When an export management company (EMC) acts as a commission agent for exporters, the EMC most likely ________.

• A) obtains long-term financing
• B) handles shipping responsibilities
• C) monitors currency exchange rates
• D) resells the goods to domestic distributors

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Definitions:

Mark-up

The supplementary cost added to goods for overhead coverage and profit realization.

Industrial Part

A component or section of an industrial sector or factory.

Mark-up Realized

The percentage increase between the cost of a product and its selling price, indicating the profit margin.

Sonic Boom

A loud sound associated with the shock waves created when an object travels through the air faster than the speed of sound.