When a company tries to get a toehold in a foreign market by pricing its products lower than they are offered in their home market, this is called ________.

Question

Quizplus · Accepted Answer

This strategy is called dumping. It involves selling products at a lower price in a foreign market than they are sold in the company's home market, giving them an unfair advantage over local producers. It is often used to gain a foothold in a new market or to compete with local producers. However, it can lead to retaliation from the local government and harm the company's reputation.

When a Company Tries to Get a Toehold in a Foreign