If a businessman imports stockfish with a view to exporting them to other countries, this form of trade is known as?

Assessment: WAEC SSCE - Commerce - 1989 (Objective) Subject: Commerce

Question 1 Report

If a businessman imports stockfish with a view to exporting them to other countries, this form of trade is known as?
Answer Details
The form of trade where a businessman imports a product (in this case, stockfish) with the intention of exporting it to other countries is known as "entrepot trade." In entrepot trade, the businessman does not sell the product in the country where it was imported. Instead, they store it temporarily and then re-export it to another country, typically to take advantage of price differences or to access markets that would otherwise be difficult to reach. It is also sometimes referred to as "transshipment trade."

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