$21$

Multiple Choice $2$ points

What differentiates an import merchant from an import broker in international trade?

An import merchant facilitates only the transportation of goods, whereas an import broker manages the entire purchasing process.

An import merchant takes title to the goods and sells them domestically, whereas an import broker acts on behalf of a buyer without taking title.

An import broker is responsible for manufacturing the goods, while an import merchant is only involved in transportation.

An import merchant only deals with non$-$profit organizations, while an import broker works with all types of organizations.