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WAEC Commerce 2015 Question 30

Question 30

Foreign Trade

The practice of selling goods in foreign markets at a price lower than the cost price is.

  1. A.fair trading.
  2. B.under invoicing.
  3. C.hedging.
  4. D.dumping.
Show the answer and explanation

Answer: D (dumping.)

Explanation

Dumping is selling goods abroad below cost or below the home price.