_____ Relates to a Commercial Purchase Transaction Between a Buyer

question 69

Multiple Choice

_____ relates to a commercial purchase transaction between a buyer and a supplier located in different countries.

• A)International purchasing
• B)Re-shoring
• C)Global sourcing
• D)Nearshoring
• E)None of these answers.

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Definitions:

Two-part Tariff

A pricing strategy where the price of a product or service is composed of two parts: a fixed fee plus a variable charge based on usage or consumption.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

Reservation Prices

The maximum price a consumer is willing to pay for a good or service, beyond which they will not purchase it.

Mixed Bundling

Selling two or more goods both as a package and individually.