Who among the following is not involved in foreign trade?
Answer Details
The Jobber is not involved in foreign trade.
A jobber is a type of middleman who purchases goods in bulk from manufacturers or wholesalers and then sells them in smaller quantities to retailers or other businesses. However, their role is limited to the domestic market and they are not involved in foreign trade.
On the other hand, factors, dei credere agents, wholesale merchants, and forwarding agents are all involved in foreign trade in different capacities.
- Factors provide financing and other services to businesses engaged in foreign trade.
- Dei credere agents act as guarantors for foreign buyers and sellers.
- Wholesale merchants buy and sell goods in the foreign market.
- Forwarding agents arrange for the transportation of goods between countries.
In summary, a jobber is not involved in foreign trade as their role is limited to the domestic market, while the other options listed are involved in various aspects of foreign trade.