ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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trade intermediary
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foreign joint venture
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export management company
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freight forwarder
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Detailed explanation-1: -trade intermediary. an agency that serves as a distributor in a foreign country.
Detailed explanation-2: -In international trade, an individual or firm that brings together buyers and sellers for a fee without taking part in actual sales transactions.
Detailed explanation-3: -Many types of intermediaryship exist in international trade. Exporters and importers use ordinary agents, mercantile agents and factors, agents with general power of procuration and special agents, confirming agents, commission agents, Brokers, carriers, insurance agents, Bankers and many other types of intermediaries.
Detailed explanation-4: -Important foreign intermediaries in the export business include importers, retailers, distributors, wholesalers, government departments, joint ventures and licenses.