A firm sells a product in a foreign country at a price that is considerably lower than that in the firm's home market. This illustrates what type of international pricing strategy?

Question

Quizplus · Accepted Answer

Dumping refers to the practice of selling a product in a foreign market at a price that is lower than the cost to produce it or lower than the price in the home market. This can be done to gain market share, eliminate surplus stock, or weaken competition in the foreign market.

A Firm Sells a Product in a Foreign Country at a Price