Factor agents in international trade
Image credit wordpress.com ZIMSEC O Level Commerce Notes: International trade: Factors
- is a mercantile fiduciary who receives and sells goods on commission.
- The commission is called a factorage.
- Possess the goods they sell.
- Sell goods in their own names.
- Do not disclose their principal.
- Collect goods for sale.
- Deliver goods to their customers.
- Have insurable […]