In 'Direct' Exporting, an Overseas Export Agent Working on Behalf

question 31

Multiple Choice

In 'direct' exporting, an overseas export agent working on behalf of a producer sells the goods in the overseas market and will receive:

• A)A commission on the sale, after taking ownership of the goods
• B)A commission on the sale, without taking ownership of the goods
• C)A monthly or annual retainer, and take ownership of the goods
• D)A monthly or annual retainer, without taking ownership of the goods
• E)Receive a wage or salary as a direct employee of the producer

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Definitions:

Concept

A general idea or understanding that serves as a foundation for developing theories, experiments, or innovations.

Quarterly Payments

Payments that are made four times a year, typically for financial obligations such as loans or dividends.

Annual Rate

Annual rate typically refers to the interest rate for a loan or investment calculated on an annual basis, providing a basis for comparison with other financial products.

Interest

The charge for borrowing money, usually expressed as a percentage of the amount borrowed.