Which of the following statements provides the most accurate distinction between an agent and a broker? Agents:
A) represent final buyers while brokers represent marketing intermediaries.
B) represent one manufacturer in a large sales area, while brokers represent several different manufacturers in a smaller area.
C) develop a long-term relationship with the people they represent, while brokers are usually hired on a temporary basis.
D) take title to the goods they help distribute, while brokers never assume ownership of the products they distribute.

Question

Quizplus · Accepted Answer

Agents typically develop long-term relationships with the entities they represent, whereas brokers are usually hired for temporary or specific transactions.

Which of the Following Statements Provides the Most Accurate Distinction