Which of the Following Enables Organizations to Conduct International Trade

question 44

Multiple Choice

Which of the following enables organizations to conduct international trade without having to resort to barter?

• A)Foreign exchange market
• B)Caribbean Single Market and Economy
• C)Auction market
• D)Countertrade
• E)Balance-of-trade equilibrium

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Definitions:

Marketing Mix

A set of actions, or tactics, that a company uses to promote its brand or product in the market, often summed up by the four Ps: product, price, place, and promotion.

GIS Technology

Geographic Information Systems Technology, a tool used for mapping and analyzing features and events on earth using spatial and geographic data.

Marketing Mix

A combination of factors that can be controlled by a company to influence consumers to purchase its products, often summarized as product, price, place, and promotion.

Ideal Locations

Optimal places or settings for businesses to operate or for events to take place, considering accessibility, target audience, and other strategic factors.