A product is __________ when it is sold abroad below the current selling price in the exporter's home market or below the exporter's cost of production.

Question

Quizplus · Accepted Answer

Dumping refers to the practice of selling goods in a foreign market at a lower price than what they are sold for in the exporter's home market or at a price lower than the cost of production. This is often done to gain market share or to get rid of excess inventory. It is a type of unfair competition and is considered illegal in many countries.

A Product Is __________ When It Is Sold Abroad Below