A(n)_____ refers to a buying agreement similar to counterpurchase,but the exporting country can then fulfill the agreement with any firm in the country to which the sale is being made.
A) switch trade
B) offset
C) buyback
D) arbitrage
E) barter

Question

Quizplus · Accepted Answer

This type of buying agreement is known as an "offset." Offset agreements require the exporting country to fulfill the agreement with any firm in the country to which the sale is being made, rather than a specific designated firm as in a counterpurchase. Switch trade involves the use of a third-party trading company, while buyback involves the seller providing technology or services in addition to goods. Arbitrage involves taking advantage of price differences in different markets, and barter involves exchanging goods without the use of money.

A(n)_____ Refers to a Buying Agreement Similar to Counterpurchase,but the Exporting