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Caylii Huckabee
on Nov 22, 2024

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The country Axton exports their auto parts to the country of Bularny. The price that Axton charges is a significantly lesser price than the same auto part is sold for in Bularny. This practice severely threatens the auto parts industry in Bularny. This practice is known as?

A) Smart business practices
B) Dumping
C) Duplexing
D) Maximization
E) Racketeering

Dumping

The practice wherein an exporter sells products in a foreign state for less than the price charged for the same or comparable goods in the exporter’s home market.

Auto Parts Industry

Refers to the sector of the economy focused on the manufacturing, distribution, and retailing of vehicle parts and accessories.

Significantly Lesser Price

A sale or transaction price that is considerably lower than the usual or market value.

  • Acquire knowledge about the purposes and goals of significant international commerce organizations and agreements.
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Nicolas VassailNov 25, 2024
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