The practice of selling goods in a foreign country at a price below their domestic selling price is called ____________.

discrimination

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dumping

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double pricing

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predatory pricing

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Solution

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

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Similar questions

Q. A dealer sells goods priced at Rs.180 after giving a discount of 25%. Find his selling price

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5,5005,500, a shopkeeper loses equal to one-tenth of their selling price. Find the cost price of the goods. (in Rs.)

Consider the following statements:

1. Sporadic dumping is selling of goods at a low price in the foreign market to get rid of the inventory stocks.

2. Predatory dumping is selling a product at a lower price in foreign markets due to differences in elasticity of demand at home and in the foreign market.

3. Persistent dumping is destroying of competitors even at a loss initially and then, after eliminating of competitors, selling product at a high price.

Which of the above statements are correct?

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30 %

above the cost price. he sells half of the stock at this price, one-quarter of his stock at a discount of

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on the original selling price, and the rest at a discount of

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on the original selling price. Find the gain per cent altogether.

Q. If there is a loss of 40% when a good is sold at (2/5)th of its earlier selling price. Find the profit% after selling the good at earlier selling price

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The practice of selling goods in a foreign country at a price below their domestic selling price is called ____________.

The correct option is B dumpingIn economics, "dumping" is a form of predatory pricing, especially in the context of international trade. It occurs when manufacturers export a product of another country at a price either below the price charged in its home market or below its cost of production.

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