Selling goods or services that are paid for, in whole or part, with other goods or services is called ________.
A) indirect exporting
B) countertrade
C) licensing
D) franchising

Question

Quizplus · Accepted Answer

Countertrade is the practice of exchanging goods or services that are paid for, in whole or in part, with other goods or services. This can take various forms such as bartering, offsetting, or switching. Indirect exporting refers to selling goods through intermediaries in foreign markets. Licensing involves granting a foreign company the right to use its intellectual property (such as patents, trademarks, or copyrights) in exchange for royalties. Franchising involves granting a foreign company the right to use a brand name, products, and processes in exchange for fees and royalties.

Selling Goods or Services That Are Paid For, in Whole