Resident buyers are independent agents who assist firms in purchasing, especially in central markets. They are beneficial to small producers and intermediaries, help in selecting new styles and fashions, and are often compensated with an annual fee based on their purchases.

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Resident Buyers

Question 255

Multiple Choice

Resident buyers

A) are not "resident" in the buying firm, but rather are independent buying agents in central markets.
B) are especially helpful to small producers and intermediaries.
C) are frequently used to help select new styles and fashions, as well as fill-in items.
D) are usually paid an annual fee--based on their purchases.
E) All of the above are true.

Correct Answer: