Living Spaces Inc. has an furniture manufacturing facility in the North Carolina area. The company specializes in manufacturing collapsible furniture for countries where consumers have less living space. Living Spaces Inc. participates in the global market through a.
exporting.
b.
contract manufacturing.
c.
joint venture.
d.
franchising.
e.
importing.

A company in India recently agreed to trade coal to an American importer in return for American-made cars. This arrangement is an example of
a.
a letter of credit arrangement.
b.
arbitrage.
c.
strategic alliance.
d.
barter.
e.
a nontariff trade.