A B C D E F G H I J K L M N O P Q R S T U V W Z

Offset requirements

A type of counter trade transaction, in an offset contract, which may be required by an importer´s government as a condition for approval of major sales agreements, the exporter makes an additional agreement to buy goods and services from the…

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Offshoring

Offshoring occurs, when a company moves all or some of its activities to another country. When the costs of running a company are cheaper in another country, the company may choose to move their activities or offices abroad in order…

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Oligopoly

A situation where a few large and powerful suppliers and manufacturers try to maintain their position by excluding newcomers from a particular market. This situation is not a good for buyers because it limits competition.

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Oligopsony

A market where many suppliers compete to sell their product to a few large and powerful buyers who have a disproportionate influence over the market.

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Opportunity cost

The cost of any activity, measured in terms of the value of the next best alternative that was not selected.

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