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

Question

Quizplus · Accepted Answer

An offset is similar to a counterpurchase insofar as one party agrees to purchase goods and services with a specified percentage of the proceeds from the original sale. The difference is that this party can fulfill the obligation with any firm in the country to which the sale is being made.

In A(n) ____, One Party Agrees to Purchase Goods and Services