When a Foreign Supplier Sells a Good Below the Price

question 136

Multiple Choice

When a foreign supplier sells a good below the price it charges in its home country,this is called

• A) undercutting.
• B) releasing.
• C) expelling.
• D) dumping.
• E) wholesaling.

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Definitions:

Social Stratification

A society’s hierarchical ranking of people into social classes.

Social Inequality

The presence of unequal chances and benefits for various social roles or standings within a community or society.

High-Status

A position or ranking within a social hierarchy that carries prestige, respect, or authority.

Obtain Property

The act of acquiring ownership or rights over physical or intellectual assets.