BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Bartering is the exchange of goods and services between two or more parties without the use of money. It is the oldest form of commerce. Individuals and companies barter goods and services between each other based on equivalent estimates of prices and goods.

Detailed explanation-2: -Exchanging goods for goods is called the Barter System.

Detailed explanation-3: -In trade, barter (derived from baretor) is a system of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money.

Detailed explanation-4: -Barter is an alternative method of trading where goods and services are exchanged directly for one another without using money as an intermediary. For instance, a farmer may exchange a bushel of wheat for a pair of shoes from a shoemaker.

Detailed explanation-5: -Barter is an exchange without assigning value to goods/services exchanged. Whereas exchange is barter after determining values to goods/services bartered.