Which of the following is a similarity between export brokers and export agents?
a. Both act as hired purchasing agents for foreign customers operating in the exporter's home market.
b. Both live in foreign countries and assist in international trade.
c. Both assume all risks associated with selling a manufacturer's product in the international market.
d. Both allow manufacturers to retain title for products.
ANSWER: d
Export brokers and export agents allow manufacturers to retain title and assume all risks for the products they manufacture. An export broker is an intermediary who plays the traditional broker's role by bringing buyer and seller together. Export agents are foreign sales agents/distributors who live in the foreign country and perform the same functions as domestic manufacturers' agents, helping with international financing, shipping, and so on.
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