Which of the following is true about proper use of the term "countertrade"?
A)The term "countertrade" is interchangeable with "offsets."
B)The term "countertrade" is interchangeable with "barter."
C)The term "countertrade" is interchangeable with "counterpurchase."
D)"Countertrade" is a blanket term that refers to several different types of business transactions.
E)The term "countertrade" is interchangeable with "dumping."

Question

Quizplus · Accepted Answer

Countertrade is a broad term that encompasses several types of business transactions, such as barter, offset, counterpurchase, switch trading, etc. Therefore, option D is the most appropriate answer. The other options are incorrect because they try to equate countertrade with only one specific type of transaction.

Which of the Following Is True About Proper Use of the Term