In _____,all or part of the payment for goods or services is in the form of other goods or services.
A)countertrade
B)price fixing
C)dumping
D)product adaptation

Question

In _____,all or part of the payment for goods or services is in the form of other goods or services.
A)​countertrade
B)price fixing
C)dumping
D)​product adaptation

Quizplus · Accepted Answer

Countertrade is a commercial transaction in which payment is made with goods or services instead of money. It is common in international trade, especially with developing countries that have limited access to hard currency. This can take various forms, such as barter, offset, or buyback arrangements. Price fixing refers to collusion among competitors in order to control prices, while dumping refers to the practice of selling goods at a lower price in a foreign market than in the domestic market. Product adaptation refers to the process of modifying a product to better suit local market needs and preferences.

In _____,All or Part of the Payment for Goods or Services