In direct import/export, firms used middlemen to contact overseas buyers/sellers.

True

No worries! We‘ve got your back. Try BYJU‘S free classes today!

False

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is B False
In the process of direct import and export, the company itself imports or exports goods without any interference of any middleman or an agent.

Suggest Corrections

Similar questions

___ may be individuals, partnership firms or corporate bodies. They are the intermediaries between the buyers and sellers of securities.

Explain the implications of the following features of perfect competition:

(a) large number of buyers and sellers

(b) freedom of entry and exit to firms

Join BYJU'S Learning Program