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What is Barter System • Barter System is the trading of products and services from other product, services. • Barter Trading is the simple method of transaction, in which no money is used.
Advantages of Barter System • Barter system generates faster sales and profits • Act as third party to mediate between delivery of products and services • Reduced cash Outlay • Open new Market • Improve Purchase Power
Helpful for Small Businesses • Barter system is helpful for small businesses, it helps in finding new loyal clients. • Materials and services are traded between small businesses. • Most interesting way to promote new and small businesses, such as bakery and boutique, preventing the waste of money, purchasing new inadequate advertising.
Modern Barter System Modern barter and trade exchange has evolved most effective method to enhance sales, profits, conserving cash, inventory and making use of excess production capacity.
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