Which of the following describes the practice of selling a product in other countries for a price less than the company's cost?
A)Dumping
B)Predatory Pricing
C)Price Skimming
D)Penetrating Pricing

Question

Quizplus · Accepted Answer

Dumping is the practice of selling a product in other countries for a price less than the company's cost. This is usually done to gain market share or to drive out competition. However, this practice is often considered unfair trade practice and is regulated by international trade laws.

Which of the Following Describes the Practice of Selling a Product