Purchase Planner Question:

Download Job Interview Questions and Answers PDF

Explain the difference between counter trade & reciprocal trading?

Purchase Planner Interview Question
Purchase Planner Interview Question

Answer:

Cash poor countries and organizations engage in counter trading by exchanging commodities of equal value. Counter trading offers cash poor countries and organizations greater access to the world markets by offering them an alternate method of acquiring goods. Reciprocal trading provides participating nations with equivalent competitive trading opportunities based on mutual agreements negotiated to adjust tariffs, duties, and customs restrictions in order to increase foreign trade and improve border-to-border relationships among participating countries.

Download Purchase Planner Interview Questions And Answers PDF

Previous QuestionNext Question
How purchasers find their suppliers. Are there favorite places they look?When contacting supplier references, which are the questions should I ask that will elicit worthy information about the vendor?