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ISM Exam INTE Topic 3 Question 24 Discussion
Actual exam question for
ISM's
INTE exam
Question #: 24
Topic #: 3
[All INTE Questions]
Topic #: 3
Which of the following refers to the practice of buying a commodity on the open market for immediate delivery?
Suggested Answer:
G
Spot buying refers to the purchase of commodities on the open market for immediate delivery. This practice is typically used to meet urgent needs or take advantage of favorable market conditions. It contrasts with forward buying, which involves purchasing for future delivery to lock in prices or quantities.
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