Exchanging goods and services for other goods and services, or ________, is an effective way for a small business to conserve cash.

Question

Quizplus · Accepted Answer

Bartering allows a small business to avoid using cash by exchanging goods or services for other goods or services. This can help conserve cash and still allow the business to obtain what it needs. Leasing may require cash payments, arbitration involves a third party to resolve disputes, and credit sales involve extending credit and receiving payments in the future, which may not conserve cash in the short term.

Exchanging Goods and Services for Other Goods and Services, or ________