Scenario: Gro-Tru Grows To Europe
Gro-Tru, a maker of chemical fertilizers and pesticides, sees enormous growth potential in Central Europe. The company has received several unsolicited inquiries from potential importers in the region, but in most cases, they have expressed difficulty in getting the hard currency to pay for the imports. Alistair Green, vice president for new business development, is exploring how Gro-Tru might meet the needs of the potential market.
-If Gro-Tru exchanged its products directly for other goods or services without the use of money, the transaction would be referred to as ________.
A) barter
B) offset
C) switch trading
D) buyback

Question

Quizplus · Accepted Answer

The transaction where Gro-Tru exchanges its products directly for other goods or services without using money is called a barter transaction.

Scenario: Gro-Tru Grows to Europe