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Selling goods in foreign countries at price below their marginal cost is?

Commerce
JAMB 2010

Selling goods in foreign countries at price below their marginal cost is?

  • A. dumping
  • B. depreciation
  • C. devaluation
  • D. discounting
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Correct Answer: Option A
Explanation

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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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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