Agent
Agent is a wholesaler who represents buyers or sellers on a relatively permanent basis, performs only a few functions, and does not take title to goods. There are four types:
(According to military dictionary, agent— in intelligence usage, one who is authorized or instructed to obtain or to assist in obtaining information for intelligence or counterintelligence purposes.)
Agent refers who is authorized to transact business and exercise authority on behalf of another party.
Agent is an intermediary representing either the buyer or the seller, not taking title to the goods, and making a commission for work completed.
Agent refers to a military service or agency thereof which, under the Defense Materiel Utilization Program, provides supplies to another military service or agency.
Agent is someone who legally represents the insurer, has the authority to act on the insurer’s behalf, and can bind the insurer (principal) by expressed authority, by implied authority, and by apparent authority.
Webster Dictionary Meaning
- One who acts for, or in the place of, another, by authority from him; one intrusted with the business of another; a substitute; a deputy; a factor.
- An active power or cause; that which has the power to produce an effect; as, a physical, chemical, or medicinal agent; as, heat is a powerful agent.
More from this Section
- Learning theory
Learning theory means a theory that teaches marketers that they can build demand for a ... - Web server
Web server is a system capable of continuous access to the internet through retrieving ... - Universal product code
Universal product code is the bar code, this is scanned by retailers, wholesalers, and ... - Sponsorship
Sponsorship is involves providing funds for a sporting or cultural event in exchange for ... - Internal branding
Internal branding consists of activities and processes that help inform and inspire employees ...