Dumping Is Closely Related to Predatory Pricing and Occurs When

question 9

Multiple Choice

Dumping is closely related to predatory pricing and occurs when

• A)companies get rid of obsolete inventory at prices below cost.
• B)a business drops a large order at a customer location at a lower price if the customer accepts the order.
• C)a Canadian company sells its products in another province below the variable cost.
• D)a foreign company sells goods in Canada at a price below the market value in the home country.
• E)a Canadian or foreign company sells its products below the variable cost.

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Definitions:

Utilitarian

An ethical theory that emphasizes the greatest good for the greatest number of people as the measure of right and wrong.

Law and Ethics

The study and application of legal principles and moral standards in professional and personal contexts.

Instrumental Values

Are core beliefs or standards that guide the behavior towards achieving desired end states or objectives.

Desired Ends

The ultimate goals or outcomes that an individual, group, or organization aims to achieve.