_____ is a fast-growing way to conduct global business in which all or part of the payment for goods or services is in the form of other goods and services.
A)Countertrade
B)Global market standardization
C)Exporting
D)Market grouping

Question

​_____ is a fast-growing way to conduct global business in which all or part of the payment for goods or services is in the form of other goods and services.
A)Countertrade
B)​Global market standardization
C)​Exporting
D)Market grouping

Quizplus · Accepted Answer

Countertrade is a fast-growing way to conduct global business in which all or part of the payment for goods or services is in the form of other goods and services. It involves exchanging goods or services for other goods or services rather than using currency. This approach is commonly used by countries with currency shortages or limitations on currency conversion, or by companies looking to expand into new markets without the need for currency exchange.

​_____ Is a Fast-Growing Way to Conduct Global Business in Which

_____ Is a Fast-Growing Way to Conduct Global Business in Which