Dumping occurs when foreign-based firms deliberately under-price goods entering a market to undermine domestic companies and destroy competition

Name: Dumping occurs when foreign-based firms deliberately under-price goods entering a market to undermine domestic companies and destroy competition
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

Dumping involves selling products in a foreign market at a price lower than their normal value, often with the intention of driving out domestic competition or gaining market share.

Dumping Occurs When Foreign-Based Firms Deliberately Under-Price Goods Entering a Market