When a firm builds a plant in a country-or supplies technology,equipment,training,or other services to the country-and agrees to take a certain percentage of the plant's output as partial payment for the contract,it is called:
A) counter-purchase
B) offset
C) switch trading
D) buyback
E) industrial barter

Question

Quizplus · Accepted Answer

This arrangement is known as a buyback agreement, where the firm that provides the technology or services agrees to accept a portion of the output as payment.

When a Firm Builds a Plant in a Country-Or Supplies