Exporting a product to another country at a price below domestic cost:
A) dumping.
B) target pricing.
C) peak-load pricing.
D) price fixing.

Question

Quizplus · Accepted Answer

Exporting a product to another country at a price below domestic cost is known as dumping. This practice is often used by companies to gain a foothold in new markets by undercutting domestic competition. However, it can be seen as unfair trade practice and can result in retaliatory measures by the affected country.

Exporting a Product to Another Country at a Price Below