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 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…
Read MoreOligopsony
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.
Read MoreOpportunity 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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