Which of the following terms refers to an arrangement according to which a small firm teams with a major international company and serves as a subcontractor on a foreign project?
A)International trade mentorship
B)Trade facilitation
C)An offset agreement
D)A mutual trade agreement

Question

Quizplus · Accepted Answer

An offset agreement is an arrangement in which a small firm teams up with a major international company and serves as a subcontractor on a foreign project. This allows the major company to fulfill local content requirements and the small firm to gain exposure to international markets.

Which of the Following Terms Refers to an Arrangement According