Forward Buying Is When Companies Purchase Very Small Amounts of Inventory

question 11

True/False

Forward buying is when companies purchase very small amounts of inventory.

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Definitions:

Exports

Goods or services sold by a country to buyers in other countries, contributing to the exporting country's gross domestic product.

Imports

Items or services transferred into a country from a foreign location to be sold.

Trade Surplus

A condition where a country's exports exceed its imports, indicating a positive balance of trade.

Exports

Products or services shipped from one nation to another for the purpose of being sold or exchanged.