The practice of selling goods overseas and often below the cost of production is known...

Economics

JAMB 2015

The practice of selling goods overseas and often below the cost of production is known as

A. retailing
B. dumping
C. internal trade
D. advertising

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Correct Answer: Option B

Explanation

In economics, "dumping" is a kind of predatory pricing, especially in the context of international trade. It occurs when manufacturers export a product to another country at a price either below the price charged in its home market or below its cost of production.

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The practice of selling goods overseas and often below the cost of production is known...

Correct Answer: Option B

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