Recipco and Tradaq Are Both Companies That Connect International Companies

question 180

Multiple Choice

Recipco and Tradaq are both companies that connect international companies who want to barter the products they make for the products they need without using cash or credit. Recipco and Tradaq assist international companies in making

• A) countertrades.
• B) quota exchanges.
• C) trading exchanges.
• D) balances of trade.
• E) WTO trade arrangements.

---

Definitions:

Acknowledged Sale

A sale in which the parties involved officially recognize the transaction, often through a formal acknowledgment document.

FOB

Free On Board, a term used in shipping to indicate that the seller bears the cost of delivering goods to a specified point and the buyer takes responsibility for damage and loss from that point forward.

Transportation Costs

Expenses associated with the movement of goods or individuals from one location to another.

Selling Price

The amount of money for which a product or service is offered for sale to the public.