_____,a type of countertrade,occurs when a third-party trading house buys the firm's counterpurchase credits and sells them to another firm that can better use them.
A) Barter
B) Switch trading
C) Offset
D) Buyback
E) Compensation

Question

Quizplus · Accepted Answer

Switch trading is the type of countertrade that occurs when a third-party trading house buys the firm's counterpurchase credits and sells them to another firm that can better use them. Barter refers to the exchange of goods or services for other goods or services without the use of money. Offset involves balancing the value of imports and exports between two countries. Buyback involves selling a product to a foreign country and then agreeing to buy back a portion of the product or the products it helps to create. Compensation involves the payment of monetary or non-monetary benefits to a country affected by a company's operations in that country.

_____,A Type of Countertrade,occurs When a Third-Party Trading House Buys