Which of the following is a similarity between export brokers and export agents?
A)Both act as hired purchasing agents for foreign customers operating in the exporter's home market.
B)Both live in foreign countries and assist in international trade.
C)Both assume all risks associated with selling a manufacturer's product in the international market.
D)Both allow manufacturers to retain title for products.

Question

Which of the following is a similarity between export brokers and export agents?
A)​Both act as hired purchasing agents for foreign customers operating in the exporter's home market.
B)Both live in foreign countries and assist in international trade.
C)Both assume all risks associated with selling a manufacturer's product in the international market.
D)​Both allow manufacturers to retain title for products.

Quizplus · Accepted Answer

Both export brokers and export agents allow manufacturers to retain title for products. Export brokers negotiate the terms of the sale on behalf of the manufacturer, while export agents take on a more involved role in the export process, acting as a sales representative and even taking ownership of the goods temporarily to sell them in the foreign market. However, in both cases, the manufacturer retains title to the products being exported.

Which of the Following Is a Similarity Between Export Brokers