A firm which imports goods with the view of re-exporting them is engaged in

Assessment: WAEC SSCE - Commerce - 2019 (Objective) Subject: Commerce

Question 1 Report

A firm which imports goods with the view of re-exporting them is engaged in

Answer Details
A firm that imports goods with the intention of re-exporting them is engaged in "entrepot trade". Entrepot trade refers to the practice of importing goods into a country and then re-exporting them without any substantial change or processing. The term "entrepot" comes from the French word "entrepôt" which means "warehouse", and it refers to the use of the importing country as a storage or transit point for goods before they are shipped to their final destination. This type of trade allows for the efficient movement of goods between countries and can provide benefits for both the importing and exporting countries.

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