Question on: JAMB Commerce - 2018
The act of selling in a foreign market at a price lower than the cost price is called
A
Dumping
B
hedging
C
fair trading
D
under sale
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Correct Option: A
Dumping is a term used in the context of international trade. It's when a country or company exports a product at a price that is lower in the foreign importing market than the price in the exporter's domestic market.
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