A way for firms to trade by using either a small amount of hard currency,or even none at all,is called ________.
A) indirect exporting
B) countertrade
C) licensing
D) a joint venture

Question

Quizplus · Accepted Answer

Countertrade involves the exchange of goods or services instead of using hard currency. This allows firms to trade without having to use large amounts of hard currency, making it a useful option for firms that may not have access to large amounts of currency or may want to diversify their payments. Indirect exporting involves using intermediaries such as agents or distributors to sell goods in foreign markets. Licensing involves allowing a foreign company to use a firm's intellectual property in exchange for royalties. Joint venture involves two or more firms coming together to form a new entity and sharing profits and risks.

A Way for Firms to Trade by Using Either a Small