Pricing a Product Sold in a Foreign Market Higher Than

question 192

True/False

Pricing a product sold in a foreign market higher than in its domestic market is referred to as dumping.

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Definitions:

Incidental Beneficiary

A third party who incidentally benefits from a contract but whose benefit was not the reason the contract was formed. An incidental beneficiary has no rights in a contract and cannot sue to have the contract enforced.

Intended Beneficiary

A third party for whose benefit a contract is formed; an intended beneficiary can sue the promisor if such a contract is breached.

Incidental Beneficiary

A non-contracted third party who unintentionally benefits from a contract.

Intended Beneficiary

A person or entity for whom a contract is specifically designed to benefit, often having the right to enforce the contract's terms.