reciprocal buying

reciprocal buying definition - business

reciprocal buying

An arrangement in which two or more organizations purchase one another's goods and services. For example, a multibusiness firm enters into a buying and selling arrangement with businesses that are its customers and suppliers.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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