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Agent middlemen - SS1 Commerce Past Questions and Answers - page 1

1

What is the main role of brokers in transactions?

A

Taking ownership of the products

B

Negotiating deals on behalf of buyers

C

Representing multiple manufacturers

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2

Who do manufacturers' agents represent in selling products?

A

Buyers

B

Manufacturers

C

Retailers

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3

What do sales agents typically represent?

A

Multiple manufacturers or suppliers

B

Individual buyers

C

Auction houses

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4

What is the main function of auctioneers?

A

Taking ownership of the items being sold

B

Facilitating bidding and conducting auctions

C

Representing manufacturers in sales

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5

How do brokers earn income?

A

Through commissions or fees

B

By purchasing products at wholesale prices

C

Through direct sales to end consumers

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6

State one common function of manufacturers' agents.

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7

What is the main role of auctioneers in transactions?

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