Question

Pharmakia is a company that develops and manufactures prescription medicines. Recently, pharmakia has been unable to obtain ingredients key to its medicines, is facing rapidly increasing labor costs, and is paying high tariffs when exporting its medicines. To mitigate these difficulties, pharmakia should consider becoming a.

Answer 1

Since Pharmakia is a manufacturing company, they should consider becoming a counter trader.

What is counter trade?

Countertrade is a form of international trade that involves the exchange of goods or services for other goods or services instead of using hard currency.

This approach will help to reduce the imbalances that exist between the company and other countries.

Therefore, Pharmakia is a manufacturing company that should consider becoming a counter trader.

Learn more on countertrade here,

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