Which of the Following Involves Purchasing a Specified Quantity of a Commodity

question 53

Multiple Choice

Which of the following involves purchasing a specified quantity of a commodity for a year or more from a state trading company of another nation?

• A)Bulk purchasing agreement
• B)Bilateral agreement
• C)Voluntary export restraint
• D)Preferential trade agreement

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Definitions:

Coercive Power

The ability of a person to force others to comply with demands or obey orders through the threat of punishment or negative consequences.

Reward Power

The ability to influence others' behavior through the control of valued resources or rewards, a key aspect of leadership and organizational dynamics.

Political Behaviors

Actions by individuals or groups within an organization that are aimed at acquiring, developing, and using power and other resources to obtain one’s preferred outcomes.

Preferred Outcomes

Desired results or goals that individuals or organizations aim to achieve.