Which ofthe following refers to the practice ofimporting forre-export?

Assessment: WAEC SSCE - Commerce - 1994 (Objective) Subject: Commerce

Question 1 Report

Which ofthe following refers to the practice ofimporting forre-export?
Answer Details
The practice of importing goods for the purpose of re-exporting them is known as "entrepot trade". In this type of trade, the goods are not meant for domestic consumption but are rather brought into the country for further processing or storage before being shipped to another destination. This type of trade is often used by countries with strategic geographic locations to take advantage of their position as a transit hub for goods between different regions.
Read lesson note on Trade (WAEC)
Read lesson note on Purchase And Sale Of Goods In Home And Foreign Trade (WAEC)
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