An Agent's Duties When Executing Agency Include

question 48

Multiple Choice

An agent's duties when executing agency include:

• A)reimbursement of the principal for all expenses incurred in the execution of the agency.
• B)indemnification of the principal for any authorized payments or any loss incurred by the agency.
• C)performance of duties according to the principal's instruction and notification of the principal of all facts concerning the subject matter of the agency.
• D)All of the above

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Definitions:

Webrooming

The practice of researching products online before buying them in a physical store, contrasting with showrooming.

Examining Products

The comprehensive analysis and evaluation of a product's design, features, quality, and market positioning to assess its competitiveness and potential for success.

Multichannel Marketing

The practice of interacting with customers using a combination of indirect and direct communication channels – websites, retail stores, mail order catalogs, direct mail, email, mobile, etc.

Communication Channels

The mediums through which information and messages are transmitted from one entity to another, including verbal, written, and digital forms.