Scenario: Gro-Tru Grows To Europe
Gro-Tru, a maker of chemical fertilizers and pesticides, sees enormous growth potential in Central Europe. The company has received several unsolicited inquiries from potential importers in the region, but in most cases, they have expressed difficulty in getting the hard currency to pay for the imports. Alistair Green, vice president for new business development, is exploring how Gro-Tru might meet the needs of the potential market.
-In his research, Alistair uncovered an arrangement in which industrial equipment was exported in return for products produced by that equipment, an arrangement called ________.
A) barter
B) offset
C) switch trading
D) buyback

Question

Quizplus · Accepted Answer

Buyback is an arrangement where exported equipment is paid for with products produced by that equipment.

Scenario: Gro-Tru Grows to Europe