James Franks works out of Miami and buys locally produced manufacturer's products and sells them abroad,mainly to Caribbean nations.Mr.Franks is ________.
A) a domestic-based export merchant
B) a domestic-based export agent
C) a cooperative organization
D) an export-management company
E) indirect exporting

Question

Quizplus · Accepted Answer

Mr. Franks buys locally produced products with an intention to sell them abroad. He does not act as an agent of the manufacturer and assumes the financial risk of the transactions. Therefore, he can be classified as a domestic-based export merchant.

James Franks Works Out of Miami and Buys Locally Produced