The practice of selling goods in foreign countries at lower prices than obtainable int he exporting country is known as

The practice of selling goods in foreign countries at lower prices than obtainable in the exporting country is known as dumping. Dumping occurs when a company exports its products to a foreign country at a price lower than the cost of production or lower than the domestic price. The intention is to gain a competitive advantage in the foreign market by driving out local competition or to dispose of excess inventory. This can be harmful to domestic producers and may lead to anti-dumping measures by the importing country. In summary, dumping is the practice of selling goods in foreign countries at a lower price than the domestic price or the cost of production. This can be harmful to domestic producers and may lead to anti-dumping measures by the importing country.