trade of things of value between buyer and seller so that each is better off after the trade is referred to as __________.
A) financial remuneration
B) exchange
C) countertrade
D) barter
E) marketing

Question

Quizplus · Accepted Answer

Exchange refers to the trade of things of value between a buyer and seller so that each is better off after the trade. Financial remuneration refers to payment for services rendered. Countertrade refers to a complex form of international trade where goods and services are exchanged instead of currency. Barter refers to the direct exchange of goods or services without the use of money. Marketing refers to the process of creating, communicating, delivering, and exchanging offerings that have value for customers.

Trade of Things of Value Between Buyer and Seller So