The term dumping refers to the sale of damaged goods in a foreign market to cut the losses that would otherwise be caused by the damage.

Question

Quizplus · Accepted Answer

Dumping refers to the practice of selling goods in a foreign market at a price lower than their normal value to gain an unfair competitive advantage, which can harm domestic producers in the importing country. It does not refer to the sale of damaged goods to cut losses.

The Term Dumping Refers to the Sale of Damaged Goods