Dumping means selling goods abroad

Assessment: WAEC SSCE - Commerce - 1996 (Objective) Subject: Commerce

Question 1 Report

Dumping means selling goods abroad
Answer Details
Dumping refers to the act of selling goods abroad at a lower price than they are sold in the home market. This can be done to gain a foothold in a new market, to drive out local competitors, or to get rid of excess inventory. Dumping can be seen as an unfair trade practice as it can harm local industries and create an uneven playing field for competition. To prevent dumping, some countries impose anti-dumping duties on the imported goods to bring their price closer to the domestic market price.
Read lesson note on Commerce (JAMB)
View Answer

Related Questions

1

The primary purpose of credit cards is to
2

Which of the following is not the duty of an entrepreneur?
3

When a company buys up firms supplying it with raw materials, this is an example of
4

The difference between the total amount of money received by a country and the total amount paid to other countries within a given period is the
5

Which of the following is not a credit instrument used in business transactions?
6

Industrial, commercial and direct services are branches of
7

Which of the following is used to transmit typed messages over long distances?
8

Containers are suitable for transporting goods by

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning