An Indian company has been exporting a technology product to American customers and is marketing its product at a price that is well below the price charged by American companies to drive down the price of the American product.This is an example of countertrading.

Question

Quizplus · Accepted Answer

Dumping is the practice of a foreign company exporting products abroad at a lower price than the price in the home market,or even below the costs of production,to drive down the price of the domestic product.Countertrading is bartering goods for goods.

An Indian Company Has Been Exporting a Technology Product to American