JAMB - Commerce (2023 - No. 64)
The act of selling in a foreign market at a price lower than the cost price is called
dumping
under sale
hedging
fair trading
ব্যাখ্যা
Dumping is considered a form of price discrimination. It occurs when a manufacturer lowers the price of an item entering a foreign market to a level that is less than the price paid by domestic customers in the originating country.