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 an 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

Quizplus · Accepted Answer

Both export brokers and export agents allow manufacturers to retain title for products. However, they differ in their roles and responsibilities. Export brokers act as intermediaries between buyers and sellers, while export agents represent the interests of the exporter and work to secure buyers for their products. Option A and B are incorrect because they describe the roles of import agents and purchasing agents, respectively. Option C is incorrect because both export brokers and export agents do not assume all risks associated with selling a manufacturer's product in the international market.

Which of the Following Is a Similarity Between Export Brokers