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The practice of selling goods overseas and often below the cost of production is...


Question

The practice of selling goods overseas and often below the cost of production is known as

Options

A)
retailing
B)
dumping
C)
internal trade
D)
advertising

The correct answer is B.

Explanation:

In economics, "dumping" is a kind of predatory pricing, especially in the context of international trade. It occurs when manufacturers export a product to another country at a price either below the price charged in its home market or below its cost of production.

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Dicussion (1)

  • In economics, "dumping" is a kind of predatory pricing, especially in the context of international trade. It occurs when manufacturers export a product to another country at a price either below the price charged in its home market or below its cost of production.

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