Question

Nikkei Bike Parts testified before Congress defending the company against an accusation that it was dumping parts on the U.S. market. In her testimony, the president claimed _______________. Using traditional guidelines, Congress determined that Nikkei was not dumping.

Answer 1

Answer: The correct answer is "Nikkei includes 10% overhead costs and an 8% profit margin in the price of all the parts they export to the U.S.".

Explanation: In her testimony, the president claimed Nikkei includes 10% overhead costs and an 8% profit margin in the price of all the parts they export to the U.S. Using traditional guidelines, Congress determined that Nikkei was not dumping.

It is known as dumping when companies sell products at a lower price abroad than they sell in their country.