Final answer:
The 'buyer for export' or 'export commission house' refers to a foreign purchasing agent (A), who operates on behalf of international buyers to facilitate purchase and export processes within the domestic market. They are different from other entities such as export brokers, export merchants, export management companies, and freight forwarders, which have distinct roles in international trade and logistics.
Step-by-step explanation:
The individual who can be referred to as a "buyer for export" or an "export commission house" and operates on behalf of a buyer from a foreign country is known as a foreign purchasing agent (A). This agent acts as an intermediary, representing foreign buyers' interests in the domestic market by locating goods, negotiating prices, and facilitating the transaction process. In contrast, an export broker (B) typically deals with facilitating the sale of a domestic company's goods to foreign buyers without taking possession of the goods, while an export merchant (C) buys goods domestically and then sells them abroad. An export management company (D) typically provides comprehensive services to domestic companies seeking to export their goods, including marketing, sales, logistics, and often even handling paperwork and regulations. Meanwhile, a freight forwarder (E) specializes in the logistics of shipping goods, particularly in arranging the transport of goods across international borders.
Firms that engage in international trade often must deal with foreign exchange markets to pay expenses and convert their earnings from foreign sales into their home currency. For example, a foreign firm that has sold imported goods in the United States, earned U.S. dollars, would be a supplier of U.S. dollars and demander of its home currency when it needs to pay expenses incurred in its home country. Similarly, U.S. tourists leaving to visit other countries are buyers of foreign currencies, contributing to the demand side in the market for those currencies.