The practice of setting a price in a foreign market that undercuts the prices of competitive companies is referred to as dumping.

Question

Quizplus · Accepted Answer

This is correct. Dumping is the practice of selling goods in a foreign market at a price that is lower than what the same goods would cost in the home market or in other competing markets. This can lead to unfair competition and damage to the local industries in the foreign market.

The Practice of Setting a Price in a Foreign Market