Commerce WAEC

The practice of selling goods in foreign markets at a price lower than the cost price is?

A. fair trading
B. under-invoicing
C. hedging
D. dumping

Correct Answer: Option D

D. 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. Because dumping typically involves substantial export volumes of a product, it often endangers the financial viability of the product’s manufacturers or producers in the importing nation

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