What is the term for a firm selling a product in a foreign country below its domestic price or below its actual cost?
A)dumping
B)surplus marketing
C)second-market pricing
D)channeling
E)entrepreneurial pricing

Question

Quizplus · Accepted Answer

Dumping is the practice of selling a product in a foreign country at a price lower than its domestic price or below its actual cost, often in an attempt to gain market share or drive competitors out of business. This practice is generally considered to be illegal under international trade laws, as it can harm domestic industries in the importing country.

What Is the Term for a Firm Selling a Product