Coca-Cola sold its drinks in Russia for years in exchange for vodka.This is an example of a(n)________.

Question

Quizplus · Accepted Answer

This is an example of countertrade, which is a form of international trade where goods and services are exchanged instead of cash. In this case, Coca-Cola sold its drinks in Russia in exchange for vodka, which is a form of countertrade. Joint venture involves two or more companies forming a partnership, direct investment involves a company investing in a foreign country to establish operations or acquire assets, import quota involves a limit on the quantity of a product that can be imported into a country, and licensing agreement involves one company granting another company the right to use its intellectual property for a fee.

Coca-Cola Sold Its Drinks in Russia for Years in Exchange