Scenario: Gro-Tru Grows To Europe
Gro-Tru,a maker of chemical fertilizers and pesticides,sees enormous growth potential in Central Europe.The company has received several unsolicited inquiries from potential importers in the region,but in most cases,the potential importers have expressed difficulty in obtaining the hard currency to pay for Gro-Tru's products.Alistair Green,vice president for new business development,is exploring how Gro-Tru might meet the needs of the potential market.
-If Gro-Tru exchanges its products directly for other goods or services without the use of money,it would be conducting which of the following?
A)Barter
B)Offset
C)Switch trading
D)Buyback

Question

Quizplus · Accepted Answer

If Gro-Tru exchanges its products directly for other goods or services without using money, it would be conducting barter. This is because barter involves exchanging goods or services for other goods or services without the use of money. The other options listed (offset, switch trading, buyback) all involve some form of financial transaction or exchange.

Scenario: Gro-Tru Grows to Europe