Chapter 1: Intermediary

Import/export through intermediary involves a third party called the commercial ______.

• trader

• intermediary

• broker

• principal

According to Article 3, Commercial Law 2005, commercial intermediary activities are carried out by a ______.

• principal

• consumer

• trader

• broker

Commercial intermediaries work under ______ from the trader.

• agency

• entrustment

• brokerage

• commission

One advantage of intermediary transactions is reduced investment and ______ cost.

• customs

• transport

• legal

• product

A disadvantage of using intermediaries is losing direct ______ with the market.

• profit

• authority

• contact

• goods

Intermediaries may have too many ______ that make transactions complex.

• advantages

• requirements

• goods

• fields

Commercial intermediaries must be lawful traders operating in registered ______.

• countries

• zones

• fields

• costs

Brokerage is defined in Article ______ of Commercial Law 2005.

• 166

• 150

• 3

• 170

Brokers are intermediaries between parties selling and purchasing ______.

• zones

• goods

• intermediaries

• fields

Brokers do not sign contracts unless ______ by principals.

• registered

• owned

• authorized

• licensed