JAMB - Commerce (2018 - No. 1)
The act of selling in a foreign market at a price lower than the cost price is called
Dumping
hedging
fair trading
under sale
Uitleg
Dumping is a term used in the context of international trade. It's when a country or company exports a product at a price that is lower in the foreign importing market than the price in the exporter's domestic market
Exporting goods at prices lower than the home-market prices