When one party agrees to purchase goods and services with a specified percentage of the proceeds from the original sale,and it can fulfill the obligation with any firm in the country to which the sale is being made,it is a(n):
A)barter.
B)counterpurchase.
C)offset.
D)buyback.

Question

Quizplus · Accepted Answer

An offset is an agreement where the seller agrees to use a portion of the proceeds from the sale to purchase goods or services from the buyer's country, and it can be fulfilled with any firm in that country.

When One Party Agrees to Purchase Goods and Services with a Specified