WAEC Commerce 2015 Objective — Question 30

Question 30 of 50 from the West African Examinations Council (WAEC) Commerce 2015 Objective paper, with the correct answer and a full explanation.

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. dumpingCorrect

Explanation

Dumping is the act of selling a product abroad at a price cheaper than the cost price at home. Such products are usually substandard products that cannot be sold in the originating home.

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