__________is a fast-growing way to conduct global business in which all or part of the payment for goods or services is in the form of other goods and services
Fill in the blanks with correct word.
ANSWER: Countertrade
Global trade does not always involve cash. Countertrade is a fast-growing way to conduct global business. In countertrade, all or part of the payment for goods or services is in the form of other goods and services.
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Answer the following statements true (T) or false (F)
1. Fine Oil uses an organizational structure that includes both functional divisions (such as marketing and HR) and a divisional chain of command (such as the chemical and petroleum products divisions). For example, Glen, a salesperson for Fine Oil, reports to both the marketing manager and the petroleum products manager as he starts to develop the Shell Oil account. Fine Oil uses a matrix structure. 2. While figuring out how to save money for a bride who is having financial problems, Paula, the catering manager of Oh Happy Day, asked her assistant, "What do you think is the best menu to offer under these particular circumstances? How can we offer the bride and groom's guests a great meal within their budget?" Paula and her assistant are using the contingency approach. 3. Lena works as an order-taker at Fast Burger, a fast-food restaurant. She does not cook food, or even package the final order, but she does input the order and takes payment. Lena reports directly to the shift manager, and she seldom interacts with the general manager. Fast Burger is an example of a mechanistic organization. 4. The marketplace is becoming less homogeneous and moving toward more niche products.
As stated in the textbook, ______ who communicate, set clear goals, and are confident and protective of their teams tend to nurture a creative environment.
A. work groups B. supervisors C. organizations D. coordinators
________ are the first link between the seller and the final buyer. They move company products from points of production to the borders of countries within which they are sold
A) Channels between nations B) Channels within nations C) Retail channels D) Large-scale channels E) Value chain channels
The collection process, although sometimes difficult, is a fairly inexpensive component of doing business.
Answer the following statement true (T) or false (F)