In the Late 1970s, LarceCo, a Tea Manufacturing Company, Entered

Multiple Choice

In the late 1970s, LarceCo, a tea manufacturing company, entered the market of a developing country called Fantesnia. As there was a lack of hard currency in Fantesnia, LarceCo was involved in a barter system. It exchanged its tea-based products for the local vodka of Fantesnia. This scenario illustrates that LarceCo had engaged in _____.

A) countertrade
B) foreign outsourcing
C) franchising
D) direct investment