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Statements

Subject Item
dbr:Trade_exchange
rdfs:label
Trade exchange
rdfs:comment
An association of businesses formed for the purpose of trading with one another, using mutual credit to keep account. Typically the lead business will run the exchange, performing a brokering services and providing (or renting) an online marketplace for members to meet their reciprocal needs and register their transactions. Also known as Thousands of trade exchanges exist, some independent and some belonging to regional or global networks. The two most prominent associations for Trade Exchanges are IRTA and NATE (National Association of Independent Trade Exchanges).
dcterms:subject
dbc:Finance
dbo:wikiPageID
52957344
dbo:wikiPageRevisionID
1009600206
dbo:wikiPageWikiLink
n9:reciprocal dbr:Mutual_credit dbr:Cashflow dbc:Finance dbr:Business_barter dbr:Broker dbr:International_Reciprocal_Trade_Association dbr:Multilateral_exchange dbr:Online_marketplace
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dbo:abstract
An association of businesses formed for the purpose of trading with one another, using mutual credit to keep account. Typically the lead business will run the exchange, performing a brokering services and providing (or renting) an online marketplace for members to meet their reciprocal needs and register their transactions. Also known as Thousands of trade exchanges exist, some independent and some belonging to regional or global networks. The two most prominent associations for Trade Exchanges are IRTA and NATE (National Association of Independent Trade Exchanges). There are numerous benefits to business bartering, some of which include, large referral network of businesses/services, easing cash flows problems/saving cash, filling empty time slots (professionals, stylists, etc.), filling empty hotel rooms, unloading excess inventory, using trade to attract cash customers (advertising), gaining access to a directory of other member businesses, from which they can purchase and sell dollar for dollar. Reputable trade exchanges have physical locations with sales people & brokers and are not just "online" exchanges. Trading in this way can ease cashflow problems and help turn inventories around.
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