_____ is the sale of an exported product at a price lower than that charged for the same or a like product in the "home" market of the exporter

a. Exporting

b. Dumping

c. Boycotting

d. Contract manufacturing


ANSWER: b

Dumping is the sale of an exported product at a price lower than that charged for the same or a like product in the "home" market of the exporter. This practice is regarded as a form of price discrimination that can potentially harm the importing nation's competing industries.

Business

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What will be an ideal response?

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