What Type of International Commodity Agreement Involves the Purchase of the Commodity

question 33

Multiple Choice

What type of international commodity agreement involves the purchase of the commodity when its price falls below an agreed minimum price,and the sale of the commodity when its price rises above the established maximum price?

• A)Buffer stock
• B)Export controls
• C)Purchase contracts
• D)Marketing Board

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Definitions:

Accomplishes

Achieves or completes successfully.

Organization Design

Refers to the framework of jobs, positions, clusters of positions, and reporting relationships among positions that are used to construct an organization.

M-form Design

A type of organizational structure known as the Multidivisional form, characterized by a series of semi-autonomous divisions that are responsible for different products or markets, overseen by a central headquarters.

Functional Design

An approach to designing products, services, or systems that focuses on practicality and performance, meeting specific objectives and user needs.