The act of selling in a foreign market at a pri... - JAMB Commerce 2023 Question
The act of selling in a foreign market at a price lower than the cost price is called
A
dumping
B
under sale
C
hedging
D
fair trading
correct option: a
Dumping is the act of selling goods in a foreign market at a price lower than their cost price. This practice can be used to gain market share by undercutting local competitors or to offload excess production in foreign markets.
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