A company sells products to a foreign market at a price lower than it sells within its own country. What is this practice known as?
A) dumping
B) inventory reduction
C) open-market theory
D) competitive counterstrategy

Question

Quizplus · Accepted Answer

This practice is known as dumping, where a company sells a product in a foreign market at a price lower than its domestic price or below its cost of production, often to gain market share or eliminate excess inventory.

A Company Sells Products to a Foreign Market at a Price