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

Explanation

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

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