Countertrade Arose in the 1960s as a Way to Purchase

question 84

Multiple Choice

Countertrade arose in the 1960s as a way to purchase imports for ________, whose currency was nonconvertible.

• A) the United States
• B) the Soviet Union
• C) Germany
• D) Japan
• E) African countries

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Definitions:

Maximizing Profits

The process or strategy of adjusting operations, costs, and pricing to achieve the highest possible return or net income.

Division Revenues

The total amount of income generated by a specific division or section of a company through its operations and sales.

Parent Company

A company holding a sufficient amount of another firm's voting shares to influence or determine its board of directors, thereby controlling its management and operational decisions.

Incentives

Benefits or rewards offered to encourage specific actions or behaviors.