Post Utme Bowen University 2021 Commerce Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2021 Commerce Objective / Multiple Choice
Question 37 POST_UTME_BOWEN_UNIVERSITY • 2021 • COMMERCE • objective

In the context of international trade, what is the term for the process of reducing a product's price in a foreign market to make it more competitive?

Answer Options

A. Price discrimination
B. Price elasticity
C. Price skimming
Correct Answer D. Price penetration
Correct Answer
D
Correct Option:
Price penetration

About This Question

This is Post Utme Bowen University 2021 Commerce Question 37. It is one of the objective questions from the 2021 Post Utme Bowen University Commerce examination.

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