Companies that do business with customers in developing nations that lack access to hard currencies or credit are most likely to make extensive use of:
A) countertrading.
B) accumulated bank reserves.
C) goodwill payment schedules.
D) debt relief program.

Question

​Companies that do business with customers in developing nations that lack access to hard currencies or credit are most likely to make extensive use of:
A) ​countertrading.
B) ​accumulated bank reserves.
C) ​goodwill payment schedules.
D) ​debt relief program.

Quizplus · Accepted Answer

Countertrading, which involves the exchange of goods or services instead of currency, is a common solution for companies doing business in developing nations where hard currencies or credit may not be readily available. This allows the company to still make a sale and receive compensation, even if the customer cannot pay in traditional currency. The other options listed may be used in certain circumstances, but are less commonly employed than countertrading.

​Companies That Do Business with Customers in Developing Nations That

Companies That Do Business with Customers in Developing Nations That