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WAEC Commerce 1996 Question 99

Question 99

Foreign Trade

Dumping means selling goods abroad

  1. A.at a lower price than in the home market
  2. B.at a higher price than in the home market
  3. C.at the same price as in the home market
  4. D.on credit in the foreign market
  5. E.for ready cash in the foreign market.
Show the answer and explanation

Answer: A (at a lower price than in the home market)

Explanation

Dumping is selling abroad more cheaply than at home, often below cost.