In a World Where 70 Percent of All Countries Do

question 134

Multiple Choice

In a world where 70 percent of all countries do not have convertible currencies or where government-owned enterprises lack sufficient cash or credit for imports, other means of payment are used. An estimated 15 to 20 percent of world trade involves________ , the practice of using barter rather than money for making global sales.

• A)cross-cultural exchange
• B)predatory pricing
• C)economic adaptation
• D)a countertrade

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Definitions:

Performance Standards

Specific criteria and benchmarks set to measure the efficiency, effectiveness, and quality of work performed or services provided.

Uniqueness

Uniqueness pertains to the distinct characteristics or features that set a product, service, or entity apart from its competitors, providing a competitive advantage or unique selling proposition.

Successful Implementation

The effective execution of strategies and plans, resulting in the achievement of an organization's objectives and goals.

Organizational Structure

The way in which a company or organization is organized, including the allocation of tasks, responsibilities, and authority to carry out different tasks.