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WAEC Commerce 2014 Theory — Question 29

Question 29 of 50 from the West African Examinations Council (WAEC) Commerce 2014 Theory paper, with the correct answer and a full explanation.

The practice of selling goods in foreign countries at lower prices than obtainable in the exporting country is known as

A. entrepot trade
B. dumpingCorrect
C. hedging
D. counter trade

Explanation

Dumping involves selling a product below its cost price abroad.

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