An Export Trading Company ________

question 26

Multiple Choice

An export trading company ________.

• A)is a business that buys and sells products in many countries, either in its own name or as an agent for its buyer-seller clients
• B)typically offers a wide range of services such as exporting, shipping, storing, distributing, and others to their clients
• C)is formed by an agreement by which a licenser gives a foreign licensee the right to use a patent, trademark, copyright, technology, and products in return for a percentage of the licensee's sales or profits
• D)Both A and C above

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Definitions:

Gas Station

A retail establishment that sells fuel and engine lubricants for motor vehicles.

Profit-Maximizing Quantity

The level of output at which a company can achieve the highest profit, where marginal revenue equals marginal cost.

Panel

A group of people gathered to discuss, investigate, or decide on issues within a particular field or subject.

Intersection

The point at which two or more lines or paths cross each other.