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Saudi Arabia Agreed to Purchase 5,000 Air Conditioning Systems from Air-Cool

Question 57

Multiple Choice

Saudi Arabia agreed to purchase 5,000 air conditioning systems from Air-Cool Corp. with payment in the form of crude oil that is discounted 22 percent below posted world oil prices. This transaction is a form of


A) countertrade.
B) acquisition.
C) licensing.
D) greenfield venture.
E) piggyback marketing.

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