When a company sells its product in a foreign market for a much lower price (often below its cost), it is called
A)Price fixing
B)Predatory pricing
C)Price lining
D)dumping

Question

Quizplus · Accepted Answer

Dumping is selling a product in a foreign market for a price that is below normal prices (and often below costs).This is done in order to get rid of excess products without affecting prices in the dometic market.

When a Company Sells Its Product in a Foreign Market