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
Who do manufacturers' agents represent in selling products?
Buyers
Manufacturers
Retailers
What do sales agents typically represent?
Multiple manufacturers or suppliers
Individual buyers
Auction houses
What is the main function of auctioneers?
Taking ownership of the items being sold
Facilitating bidding and conducting auctions
Representing manufacturers in sales
How do brokers earn income?
Through commissions or fees
By purchasing products at wholesale prices
Through direct sales to end consumers
State one common function of manufacturers' agents.
Representing manufacturers in selling their products.
What is the main role of auctioneers in transactions?
The main role of auctioneers in transactions is to facilitate bidding and conducting auctions.