Agent middlemen - SS1 Commerce Past Questions and Answers - page 1
What is the main role of brokers in transactions?
Taking ownership of the products
Negotiating deals on behalf of buyers
Representing multiple manufacturers
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Who do manufacturers' agents represent in selling products?
Buyers
Manufacturers
Retailers
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What do sales agents typically represent?
Multiple manufacturers or suppliers
Individual buyers
Auction houses
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What is the main function of auctioneers?
Taking ownership of the items being sold
Facilitating bidding and conducting auctions
Representing manufacturers in sales
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How do brokers earn income?
Through commissions or fees
By purchasing products at wholesale prices
Through direct sales to end consumers
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State one common function of manufacturers' agents.
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What is the main role of auctioneers in transactions?
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