Neither export-management nor export-trade takes ownership of the product; in both cases, title for the product is retained by the manufacturer until a buyer is located and the sales transaction is completed.

Question

Quizplus · Accepted Answer

Export-management companies (EMCs) typically act as the export department for a manufacturer, facilitating the export process and sometimes taking title to the goods, whereas export-trading companies (ETCs) might or might not take title to the goods but focus on trading a variety of products. The key difference is in their roles and functions, not in the ownership of the product, which can vary based on the agreement between the parties.

Neither Export-Management nor Export-Trade Takes Ownership of the Product; in Both