COMMERCIAL AGENCY Meaning and
Definition
-
A commercial agency refers to a business entity or organization that acts as an intermediary between manufacturers, suppliers, or service providers, and their target customers or clients. It functions as a bridge that connects and facilitates trade between the producers or service providers and the end users or buyers.
The primary role of a commercial agency is to market and promote the products or services of the principal company it represents. This often involves conducting market research, identifying potential customers, and developing marketing strategies to create awareness and generate demand for the products or services. Commercial agencies may engage in activities such as advertising, sales promotions, and distribution to ensure effective reach and penetration into the target market.
Furthermore, a commercial agency is usually authorized by the principal company to negotiate and enter into contracts with customers or clients on their behalf. This may include negotiating sales terms, pricing, and other commercial arrangements. The agency serves as an intermediary in such transactions, acting as an advocate for both parties to ensure a mutually beneficial agreement is reached.
In exchange for its services, a commercial agency typically receives compensation in the form of commissions or fees based on the sales or transactions it facilitates. The agency's success is often measured by its ability to achieve sales targets, build customer relationships, and contribute to the overall growth and profitability of the principal company it represents.
Common Misspellings for COMMERCIAL AGENCY
- xommercial agency
- vommercial agency
- fommercial agency
- dommercial agency
- cimmercial agency
- ckmmercial agency
- clmmercial agency
- cpmmercial agency
- c0mmercial agency
- c9mmercial agency
- conmercial agency
- cokmercial agency
- cojmercial agency
- comnercial agency
- comkercial agency
- comjercial agency
- commwrcial agency
- commsrcial agency
- commdrcial agency
Etymology of COMMERCIAL AGENCY
The word "commercial" originated from the Latin term "commercium", which combines the prefix "com-" meaning "together" or "with", and "mercium" meaning "merchandise" or "trade". In essence, "commercium" referred to the activity of trading or doing business.
On the other hand, "agency" comes from the Latin word "agens", the present participle of "agere", meaning "to act". The term "agency" denotes the act of acting or representing someone else in a transaction or business matter.
Therefore, when combined, "commercial agency" refers to an entity entrusted with the responsibility of acting or representing someone in commercial or business transactions. This term is commonly used to describe a business or firm that acts as an intermediary between a company and its customers, providing various services such as sales, marketing, and distribution on behalf of the company.
Similar spelling words for COMMERCIAL AGENCY
- commercial paper,
- commercial document,
- commercialized,
- commercial traveler,
- commercial bribery,
- commercialization,
- commercialisation,
- commercial message,
- commercial artist,
- commercial treaty,
- commercial bank,
- commercial activity,
- commercial loan,
- commercial law,
- commercial credit,
- commercial art,
- commercialised,
- commercial traveller.
