47. The former USSR received technology and'syrup from Pepsi and provided it with Soviet vodka an
to distribute it in the US. This is an example of:
(A) Economic development
(B) Balance of payment
(C) Barter system
(D) International trade
Answers
Answer:
The former USSR received technology and syrup from Pepsi and provided it with Soviet vodka and rights to distribute it in the US. This is an example of
Correct answer: (C)
Barter system
Answer:
The former USSR received technology and syrup from Pepsi and provided it with Soviet vodka to distribute it in the US. This is an example:
(C) Barter system
Bartering is the exchange of goods and services between two or more parties without the use of money. It is the oldest form of commerce. Individuals and companies barter goods and services between each other based on equivalent estimates of prices and goods.
Explanation:
Successful entrepreneurs are ambitious, independent, self-confident, creative, energetic, passionate, and committed. They have a high need for achievement and a willingness to take moderate risks.
Bartering can have a psychological benefit because it can create a deeper personal relationship between trading partners than a typical monetized transaction. Bartering can also help people build professional networks and market their businesses.