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WAEC Commerce 2019 Question 18

Question 18

Foreign Trade

A firm which imports goods with the view of re-exporting them is engaged in

  1. A.bilateral trade.
  2. B.entrepot trade.
  3. C.multilateral trade.
  4. D.counter trade.
Show the answer and explanation

Answer: B (entrepot trade.)

Explanation

Entrepot trade is importing goods in order to re-export them.