Agents and brokers represent retailers,wholesalers,or manufacturers in sales situations,but the agent or broker generally has little input into the terms of the sale.Agents and brokers generally receive a fee or commission and do not take title,control,or risk concerning the merchandise.

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Agents and Brokers

Question 52

Multiple Choice

Agents and brokers:

A) have a great deal of control and risk invested in the goods
B) only represent manufacturers in sales situations
C) have a great deal of input on the terms of the sale
D) generally are on salary with the manufacturer
E) do not take title to merchandise

Correct Answer: