CLEP Business Law

Answer: D. Counter purchase, buyback, and barter are all examples of counter trade. Counter purchase is where a foreign company trades with a nation, promising to make a future purchase of a specific product from the nation. Buyback occurs when a company builds a plant for another company and for payment takes part of the plant's output. Barter is when a company pays for goods or services that it purchases from another company with goods or services instead of cash.
Category: Legal Environment