Scenario: Cleanshot USA in Russia
When Cleanshot USA, 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 believes it has tremendous opportunities there.
-Given the lack of availability of hard currency, Russian businesses often use goods and services as payment for other products they buy from abroad, a practice referred to as ________.

Question

Quizplus · Accepted Answer

The scenario describes a practice of using goods and services as payment in Russia, which is referred to as barter. Therefore, the correct choice is C. The other options presented, such as liquid payment and underground transaction, are not commonly used terms in this context. Centrally planned economic transaction may be a term used in the past to describe the Soviet-era planned economy in Russia, but it does not accurately describe the current situation described in the scenario.