WAEC Commerce 2011 Question 12

Question 12

Foreign Trade

If Karamo who lives in The Gambia imports goods from Senegal and later sells them in Guinea Bissau, Karamo is engaged in

  1. A.multi-lateral trade.
  2. B.counter trade.
  3. C.barter trade.
  4. D.entrepôt trade.
Show the answer and explanation

Answer: D (entrepôt trade.)

Explanation

Importing goods to re-export them is entrepôt trade.