In certain industries, Japanese employers do not lay off workers.Therefore, they sometimes have excess supplies of goods that they cannot sell on the home market without lowering prices.To hold down losses, they sell goods in overseas markets at prices well beneath those in Japan.This practice is best referred to as

Question

Quizplus · Accepted Answer

The practice described in the passage, where Japanese companies sell goods in overseas markets at prices well beneath those in Japan to hold down losses, is known as dumping.

In Certain Industries, Japanese Employers Do Not Lay Off Workers