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Q: What is the practice of selling a product abroad for less than the cost of production?
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The practice of selling a product abroad for less than the cost of production?

Dumping.


How organization go global?

nGlobal Sourcing ¡Purchasing materials or labour from around the world, wherever it is cheapest nExporting ¡Making products at home and selling them abroad nImporting ¡Selling products at home that are made abroad ¡ n


What is the description of the Gross National Product?

the value of all final goods and services produced within a nation in a given year plus income earned by its citizens abroad, minus income earned by foreigners from domestic production


Why are clothes made abroad?

production cost is low (mostly b/c of the wages)


What is the best description of the gross national product?

the value of all final goods and services produced within a nation in a given year plus income earned by its citizens abroad, minus income earned by foreigners from domestic production


Which of these is the best description of the Gross Domestic Product?

the value of all final goods and services produced within a nation in a given year plus income earned by its citizens abroad, minus income earned by foreigners from domestic production


What are the Kinds of dumping and its definition?

F Dumping ⇔ international price discrimination » Selling same product at different prices, at home and abroad F GATT/WTO definition » Selling in the foreign market at price < price in home market F US and alternative GATT/WTO definition » Selling in the foreign market at price < "fair market value" which is often taken to mean < "normal average cost


Which of theses is the best description of the gross domestic product?

the value of all final goods and services produced within a nation in a given year plus income earned by its citizens abroad, minus income earned by foreigners from domestic production


What are the three major types of cross-border transactions?

3 major types of cross-border transactions:buying or selling productsbuying or selling servicesproducing or selling products or services abroad by establishing a foreign presence tluough direct investment.


Why do some companies make luxury product abroad rather than at home?

It's cheaper


What allows another firm to produce and sell a company's product abroad?

foreign license agreement


What is the act of buying and selling money using other types of money?

Exchanging currencyThis is called exchanging currency, and it is usually required when traveling abroad.