A Freight Forwarder Performs Which of the Following Functions

question 32

Multiple Choice

A freight forwarder performs which of the following functions?

• A)arranging the fastest and cheapest transportation of products to and from foreign suppliers
• B)taking title to the goods it exports and imports from country to country
• C)acting as a sales representative in a foreign market
• D)valuing products that qualify for favorable tariffs

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Definitions:

Equilibrium Quantity

The amount of goods supplied that is equal to the amount of goods demanded in a market, reached at the intersection of the supply and demand curves.

Demand Curve

A graph showing the relationship between the price of a good and the amount of the good that consumers are willing and able to purchase at that price.

Exchange Rate

The price of one currency expressed in terms of another currency.

Appreciated

An increase in the value of an asset or currency in comparison to other assets, currencies, or benchmarks.