JAMB Commerce 2010 Objective — Question 18

Question 18 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2010 Objective paper, with the correct answer and a full explanation.

18. Selling goods in foreign countries at prices below their marginal cost is A. dumping B. depreciation C. devaluation D. discounting

A. dumpingCorrect
B. depreciation
C. devaluation
D. discounting

Explanation

Dumping is the act of selling goods in foreign countries at a cheaper price. This is because sub-standard goods compared with the home country.

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