A counterpurchase occurs when:
a) a direct exchange of goods and services takes place between two parties without a cash transaction.
b) a firm agrees to buy a certain amount of materials back from a country to which a sale is made.
c)exchange of goods and services occur through a bank in the exporter's country.
d) a firm builds a plant in a country and agrees to take a certain percentage of the plant's output as partial payment for the contract.
Ans: b) a firm agrees to buy a certain amount of materials back from a country to which a sale is made
You might also like to view...
Which of the following journal entries would be recorded if a corporation issued common stock and received $3,000?
Stetson cologne has positioned its brand using the tough, cowboy image. This is an example of product positioning by:
A) product user B) product class C) use or application D) cultural symbol