What is the term for an arrangement in which a small firm teams with, and serves as a subcontractor for, a larger international company on a foreign project?
A) international trade mentorship
B) trade facilitation
C) an offset agreement
D) a mutual trade agreement

Question

Quizplus · Accepted Answer

This arrangement is called an offset agreement, where the larger company agrees to offset the contract by providing work to a smaller company in the same country. This helps the larger company fulfill local content requirements and promotes industrial development in the smaller firm's country. Choices A, B, and D do not accurately describe this type of arrangement.

What Is the Term for an Arrangement in Which a Small