Question # 1

An agentt means a person who:

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Buys goods from manufacturer

Buys and sells goods

Renders services to other organizations

Producers goods himself

While selling the goods, anagent is:

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Bound to follow principal's instructions

Not bound to follow principal's instructions

Master of his own will

None of these

The agent who sells and buys goods of all kinds is called

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Commission agent

Underwriter

Broker

Exporting agent

The agent who sells and buys goods of all kinds is called:

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Commission agent

Underwritter

Broker

Exporting agnet

The broker agent gets for his services

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Commission

Profit

Surplus commission

Brokerage

An agent who sells goods only for a specific organization is called

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Common agent

Travelling agent

Special agent

None of these

An agent who sells goods only for a specific organization is called:

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Common agent

Travelling agent

Special agent

Non of these

An agent appointed for sending goods to other countries is called

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Export agent

Import agent

Forwarding agent

Clearing agent

An agent means a person who

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Buys goods from manufacturer

Buys and sells goods

Renders services to other organizations

Produces goods himself

The wholesaler and retailer are called:

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Middleman (agents)

Merchant middlemen

Broker

Factor

The remuneration of an agent is called:

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Wages

Profit

Salary

Commission

Creates link between the manufacturer and consumer:

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Retailers

Wholesalers

Agents

Middlemen

An agent who cannot get the possession of goods from principal is:

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Factor

Commission agent

Broker

None of these

An agent who can receive the payment from buyer

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Clearing agent

Export agent

Factor

Underwriter

Middlemen means those person who

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Buy goods from the retailer

Buy goods from the wholesaler

Help in transferring goods from producer to consumer

But items from manufacturer

Main types of middleman are:

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Wholesaler and broker

Retailer and factor

Merchant middleman trader and middleman agent

Export and import trader

Who does transfer the goods from manufacturer to consumer

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Retailer

Wholesaler

Middleman

None of these

The agent appointed for the sale of goods

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Broker

Auctioneer

Factor

Underwriter

An agent who is helpful in the sale and purchase of shares

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Clearing agent

Underwriter

Forwarding agent

Auctioneer

The remuneration of an agent is called

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Wages

Profit

Salary

Commission

Middlemen means those persons who:

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Buy goods from the retailer

Buy goods from the wholesaler

Help in transferring goods from producer to consumer

Buy items from manufacturer

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