Which of the Following Is a Similarity Between Export Brokers

question 10

Multiple Choice

Which of the following is a similarity between export brokers and export agents?

• A)​Both act as hired purchasing agents for foreign customers operating in the exporter's home market.
• B)Both live in foreign countries and assist in international trade.
• C)Both assume all risks associated with selling a manufacturer's product in the international market.
• D)​Both allow manufacturers to retain title for products.

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Definitions:

Inventions

Original creations or discoveries that offer new technical solutions or enhance existing ones.

Innovations

The process of translating an idea or invention into goods or services that create value or for which customers will pay.

Patented

A legal status provided to an inventor or assignee granting exclusive rights to use, make, and sell an invention for a certain period of time.