Multiple choice

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

  1. diplomacy

  2. discrimination

  3. dumping

  4. double pricing

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Dumping is the practice of exporting goods to another country at a price lower than their domestic price or cost of production. This is often done to gain market share by undercutting local competitors. Price discrimination involves charging different prices to different consumers, while double pricing is not a standard trade term.