Dumping occurs when a company sells its products for less money in a foreign market than it charges for those same goods in its home market.

Name: Dumping occurs when a company sells its products for less money in a foreign market than it charges for those same goods in its home market.
Brand: Quizplus
Rating: 4.8 (48 reviews)

Question

Quizplus · Accepted Answer

This is the definition of dumping according to international trade laws. Companies do this in order to gain an unfair competitive advantage over local producers in the foreign market.

Dumping Occurs When a Company Sells Its Products for Less