Final answer:
Buying offices do not necessarily carry title to the product; their role is often to facilitate purchases and oversee production processes on behalf of the foreign company in the local market.
Step-by-step explanation:
The question whether buying offices are located in the target market country and carry title to the product is false. Buying offices indeed may be located in the target market country. However, their primary function is to represent the interests of the foreign company in the local market by facilitating purchases and overseeing production processes. They don't necessarily own (carry title to) the products; instead, their role is to ensure that the purchasing process aligns with the standards and requirements of the parent company.
For example, in the context of the United States, a buying office might represent a foreign firm that sells imported goods and earns U.S. dollars. This firm would then use those earnings to pay expenses in its home country. The buying office might help navigate local market conditions, negotiate terms with local suppliers, and manage logistics, but ownership of the goods would typically remain with the seller or the domestic purchasers rather than the buying office itself.