Which of the following statements holds true for "countertrade"?
A)It refers to a situation where companies are barred from engaging in sales in particular goods and services.
B)It refers to a situation where companies trade goods and services for other goods and services.
C)It refers to a situation where companies jointly sell goods and services with their competitors.
D)It refers to a situation where companies establish their monopoly in the sale of goods and services in a particular sector.
E)It refers to a situation where companies indulge in business espionage to counter the trade of their competitors.

Question

Quizplus · Accepted Answer

Countertrade involves the exchange of goods and services for other goods and services instead of using money as a medium of exchange.

Which of the Following Statements Holds True for "Countertrade