A Producer Is Most Likely to Use a "Selling Agent

question 236

Multiple Choice

A producer is most likely to use a "selling agent" if:

• A) he lacks marketing know-how and working capital.
• B) he produces a broad product line.
• C) he mainly needs aggressive selling.
• D) his target customers are concentrated in a small geographic area.
• E) he sells a technical product that needs a lot of follow-up service.

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Definitions:

Fee

A payment made to a professional or an organization in exchange for services or advice.

Covenant

A formal, written agreement or promise between two or more parties, often featuring in contracts or real estate transactions.

Discharge

In legal terms, the release or extinguishment of an obligation, debt, or charge.

Collateral Mortgage

A type of mortgage where the borrower provides collateral other than the purchased property to secure the loan.