Scenario: Cleanshot Canada in Russia
When Cleanshot Canada,a photography products company,decided to enter the international arena,it chose Russia as its main market.Although Russia has been in transition for years,Cleanshot managers believe their company has tremendous opportunities there.
-Given the lack of available hard currency,Russian businesses often use goods and services as payment for other products they buy from abroad.This practice is referred to as ________.

Question

Quizplus · Accepted Answer

The practice of using goods and services as payment for other products is commonly known as barter.