What Is the Advantage of Using Agents and Brokers When

question 67

Multiple Choice

What is the advantage of using agents and brokers when a firm does not have its own sales force?

• A) Agents and brokers have extensive knowledge of the needs of consumers.
• B) Agents and brokers gather and sort information for online consumers.
• C) Agents and brokers can act as e-intermediaries for internet sales.
• D) Agents and brokers have extensive knowledge of the markets and merchandise.
• E) Agents and brokers encourage syndicated selling.

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Definitions:

Interest Rates

The cost of borrowing money or the return on savings, typically expressed as a percentage of the principal.

Investment

The activity of allocating resources, usually money, with the expectation of generating an income or profit.

Rate of Interest

The percentage at which interest is charged or paid on a loan or investment over a period of time.

Saving

The act of setting aside a portion of current income for future use, either by holding the funds in cash or placing them in investment accounts.