Which of the Following Statements About Agent Wholesalers Is FALSE

question 3

Multiple Choice

Which of the following statements about agent wholesalers is FALSE?

• A) Agent wholesalers based in a foreign market can be helpful in working through government red tape because they know the local business customs.
• B) Export and import brokers bring together buyers and sellers from different countries.
• C) Manufacturers' agents can call on international customers at no cost to the producer until something sells.
• D) Export and import agents are basically selling agents who specialize in international trade.
• E) Agent wholesalers are common in international trade.

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Definitions:

Essential Rationality

The assumption that individuals or organizations act based on logical consideration of available information to achieve their goals.

Creativity

Creativity is the ability to produce original and valuable ideas or solutions by thinking beyond established norms.

Vision

A mental image of a possible and desirable future state of the organization.

Framing Error

A mistake that occurs when information is presented or perceived in a way that biases or distorts decision making.