What is an intermediary that acts like a manufacturer's agent for the exporter and lives in the foreign market?

Study for the Praxis II Business Education – Content Knowledge (5101) Test. Enhance your business acumen with flashcards and multiple choice questions. Each question includes detailed hints and explanations to ensure thorough understanding. Prepare effectively for your exam!

The correct answer is the export agent because this type of intermediary specifically represents the exporter in a foreign market, acting on their behalf to facilitate the sale of goods and services. An export agent often has established connections and expertise in local markets, which allows them to effectively reach potential buyers.

They typically receive a commission on the sales they generate and can offer valuable insights into market trends, cultural nuances, and regulatory requirements specific to the foreign market. This role is crucial for exporters who may not be familiar with the local business environment or who may not have a physical presence in that market.

In contrast, other options like export brokers do not act on behalf of the exporter in the same capacity; they typically assist in matching buyers with sellers but do not represent the exporter directly. The International Monetary Fund is a global organization focused on economic stability rather than specific export activities, and global marketing refers to strategies used to market products internationally rather than an intermediary role.

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