is the term for a firm selling a product in a foreign country below its domestic price or below its actual cost?
A) dumping
B) surplus marketing
C) second-market pricing
D) channeling
E) entrepreneurial pricing

Question

Quizplus · Accepted Answer

The term for a firm selling a product in a foreign country below its domestic price or below its actual cost is called dumping. This practice is often done to capture market share or to get rid of excess inventory. However, it can harm the domestic producers in the foreign country and violate international trade laws.

Is the Term for a Firm Selling a Product in a Foreign