Stuart handles international transactions for other firms. He buys goods on consignment and stores them until they are purchased by a buyer in the international marketplace. After the goods are purchased, Stuart is also responsible for transporting the goods. Stuart is acting as a(n)
A) licensing agent.
B) franchising agent.
C) export agent.
D) contract manufacturer.
E) direct investor.

Question

Quizplus · Accepted Answer

Export agents are intermediaries who seldom produce goods themselves; instead, they usually handle international transactions for other firms. Export agents either purchase products outright or take them on consignment. They are also responsible for storage and transportation.

Stuart Handles International Transactions for Other Firms