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Which of the following is sometimes referred to as a buyer for export or an export commission house and operates on behalf of a buyer from a foreign country?

1) Exporter
2) Importer
3) Freight Forwarder
4) Agent

User Jackycflau
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1 Answer

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Final answer:

An Agent is sometimes referred to as an export commission house and acts on behalf of a buyer from a foreign country to facilitate exports.

Step-by-step explanation:

The entity that is sometimes referred to as a buyer for export or an export commission house is an Agent. These agents operate on behalf of a buyer from a foreign country, facilitating purchases and exports to that buyer's country. The agent organizes the sale, ensuring that the products meet the buyer’s specifications and handling the necessary paperwork and shipping logistics. In the foreign exchange market context, buyers and sellers such as foreign firms, tourists, and investors impact the demand and supply of different currencies, which ultimately influences exchange rates. Export commission houses, for instance, would need to convert the U.S. dollars they've earned into their home currency, which puts them in the role of currency buyers in this market.

User Nneka
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