True or false? Selling goods abroad at above-market prices is known as dumping

Marketing Dec 26, 2020

True or false? Selling goods abroad at above-market prices is known as dumping.

Expert Solution

The statement is false. Selling products abroad above-market prices is not dumping. Dumping is when a firm sells products abroad at below-market prices in the foreign market and below the price in the firm's domestic market. The advantage to the firm is they can send large quantities of product into the foreign market.

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