Which of the Following Statements Provides the Most Accurate Distinction

question 297

Multiple Choice

Which of the following statements provides the most accurate distinction between an agent and a broker? Agents:

• A) represent final buyers while brokers represent marketing intermediaries.
• B) represent one manufacturer in a large sales area, while brokers represent several different manufacturers in a smaller area.
• C) develop a long-term relationship with the people they represent, while brokers are usually hired on a temporary basis.
• D) take title to the goods they help distribute, while brokers never assume ownership of the products they distribute.

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Definitions:

Economic Stability

A state where an economy experiences steady growth, low inflation, and low unemployment rates over time.

Catching-up Growth

Economic strategy aimed at enabling developing countries to achieve rapid economic growth and reach the standards of more developed countries.

Brazil, Russia, India, China

Collectively known as BRIC, these countries were identified as fast-growing developing economies with significant influence on regional and global affairs.

Long-reaching Effects

Impacts or consequences of an event, decision, or policy that extend over a long period of time or into future generations.