Final answer:
The statement that agents are sales representatives for manufacturers or wholesalers hired on a commission basis is true. They act as intermediaries and earn income through commissions based on the sales they generate.
Step-by-step explanation:
True or False: Agents are sales representatives for manufacturers or wholesalers and usually are hired on a commission basis. The statement is True. Agents act as intermediaries between manufacturers or wholesalers and their potential clients or markets. Unlike employees who may receive a fixed salary, agents typically earn their income through commissions, which are a percentage of the sales they facilitate. This incentivizes agents to secure sales and to represent the interests of the businesses they serve — either manufacturers or wholesalers — effectively.