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Nance Technologies, Inc., has agreed to sell some of its computers to a company in Bascovina, a ...

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Nance Technologies, Inc., has agreed to sell some of its computers to a company in Bascovina, a ...

Nance Technologies, Inc., has agreed to sell some of its computers to a company in Bascovina, a country whose currency is worthless outside its own borders. As part of the agreement, Nance will sell the foreign customer its computers in exchange for a specified number of tons of coffee, a major export of Bascovina. Nance has already arranged to sell the coffee to a major processor for a set price in U.S. dollars. Nance has engaged in:
A) bartering.
B) foreign licensing.
C) exporting.
D) countertrading.

Textbook

Essentials of Entrepreneurship and Small Business Management

Edition: 6^th

Author: Scarborough

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