Question

In international buying, the type of entity that normally assists in locating suppliers and handling documentation is a(n):

1) import merchant.
2) foreign import agent.
3) sales agent.
4) trading company.
5) import broker.

Answer 1

In international buying, a trading company typically assists in locating suppliers and managing documentation.

Step-by-step explanation:

In international buying, the type of entity that normally assists in locating suppliers and handling documentation is a trading company. Trading companies are specialists in facilitating and handling the complexities of international trade, which include sourcing products from foreign suppliers, arranging transport, dealing with customs and tariffs, and helping with legal requirements. They play a pivotal role in international trade by bridging the gap between buyers in one country and sellers in another, making them invaluable to firms engaging in global commerce.