Commerce JAMB

The act of selling in a foreign market at a price lower than the cost price is called?

A. Dumping
B. hedging
C. fair trading
D. under sale

Correct Answer:

Option A – Dumping

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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