Match Each Item with the Correct Statement Below

question 29

Multiple Choice

Match each item with the correct statement below.
-_____ is a form of exporting whereby goods and services are bartered rather than sold for cash.

• A)exporting
• B)WTO
• C)infrastructure
• D)exchange rate
• E)tariff
• F)import quota
• G)dumping
• H)ISO certification
• I)foreign licensing
• J)multinational corporation
• K)global marketing strategy
• L)multidomestic marketing strategy
• M)countertrade
• N)related party trade
• O)exchange control
• P)customs union
• Q)CAFTA-DR
• R)importer
• S)embargo
• T)franchise

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Definitions:

Legally Enforceable Contract

An agreement between parties that is recognized by law and can be enforced in court if not fulfilled.

Breached

Violation or breaking of a law, duty, or agreement.

Consideration

In contract law, consideration refers to something of value that is exchanged between parties as part of an agreement.

Capacity

The legal ability of a person to enter into binding contracts.