Complete the following using the terms listed.
-_____ refers to selling goods abroad at a price lower than that charged in the domestic market.
A)offshoring
B)balance of trade
C)joint venture
D)Dumping
E)Imports
F)tariff
G)International Monetary Fund
H)World Trade Organization
I)free trade area
J)Devaluation
K)exchange rate
L)absolute advantage
M)global business strategy
N)Quota
O)multidomestic strategy
P)balance of payments
Q)comparative advantage

Question

Quizplus · Accepted Answer

Dumping refers to selling goods abroad at a price lower than that charged in the domestic market. This is done to gain a competitive advantage and capture a larger share of the market. It is generally considered to be an unfair trade practice and can lead to trade disputes and barriers such as tariffs and quotas.

Complete the Following Using the Terms Listed