Which of the following refers to the practice of selling a product abroad for less than the cost of production?
A) Exporting
B) Importing
C) Dumping
D) Safeguarding
E) Offshoring

Question

Quizplus · Accepted Answer

Dumping refers to the practice of selling a product at a lower price in a foreign market than it is sold for in the domestic market or for less than the cost of production. This is often done to drive out competition in the foreign market or to gain a foothold in a new market. While it may be beneficial for the exporting company, it can harm domestic producers in the importing country.

Which of the Following Refers to the Practice of Selling