Question

Business can be expanded with the help of mercantile agents. (State with reason whether the given statement is true or false)

Answer 1

A mercantile agent is one who is appointed by people in business for acting on their behalf or to represent them in making deals with other people.

Mercantile agents help in expanding the business.

They act as agents and for whom they act are the main principals.

The agents are given authority by the principal to buy and sell goods and services.

Hence they contribute to the spread of business.