The sale of goods and services to a country by a company that promises to make a future purchase of a specific product from that country is called a(n) ________.
A) counterpurchase
B) offset
C) switch trading
D) barter

Question

Quizplus · Accepted Answer

A counterpurchase involves a company selling goods or services to a foreign country with the promise to make a future purchase of a specific product from that country. This is a form of trade where the company essentially trades its goods or services for a promise of future business. Offset, switch trading, and barter are other forms of international trade but do not involve a promise of a future purchase.

The Sale of Goods and Services to a Country by a Company