Scenario: Wang's Techno Toys
Ann Wang has been successful in the domestic market selling high-tech toy products. But facing stiff competition at home, Ann has entered international markets by direct exporting.
-In some countries, Ann found it is better to exchange goods and services directly for her Techno Toys without the use of money, a practice known as ________.
A) offset
B) counterpurchase
C) switch trading
D) barter

Question

Quizplus · Accepted Answer

The practice of exchanging goods and services directly without using money is known as barter. Offset refers to a practice where a company agrees to purchase products or services from another company as a way of offsetting a previous sale. Counterpurchase involves both parties agreeing to purchase products or services from each other simultaneously, and switch trading involves a third party facilitating the exchange of goods between two parties.