Answer:
The correct answer is B. A firm charges less than the cost to make the product so as to enter or win a market.
Explanation:
Dumping is a tactic of penetration into international markets, which consists in setting prices below the real cost at which the company has made the export (the company that sells to another country), making it possible for the prices of said product they are inferior in the foreign country than in the country that manufactured them.
Quite simply, dumping refers to cases in which a product is sold in another country at a lower price than it has been produced. For example, suppose the case of shoes.
Company A produces shoes at a cost of $ 10 in country A. Its intention is to sell them in country B. So, finally, it exports shoes to B and sells them for $ 8. That is, below the production price.
Why would a company sell below the cost of production? It seems weird that a company sells below the cost of production. Since this means losing money.
The intention behind this is to gain market share and expel competitors. If a company has the capacity to assume such losses for a certain period of time, and other companies do not, the consequence is clear. The most powerful company will remain in the market and the rest will have to close.
Once the competitors have disappeared, the company that sold below cost price takes advantage of its position of power to set higher prices and earn more money.
Answer:
c. Emphasis on ethics
Explanation:
Sean has been tasked with developing a ethical mission statement with a view of reassuring customers on predatory lending practices.
This is a renewed emphasis on the ethics of the company and by so doing it will reassure the company is aware of the ethical practice in this regard and that they are pledging to act ethically.
Ethics is defined as the process of systemising and recommending concepts of right and wrong. It is also called moral philosophy.
Answer:
yessir
Explanation:
you talk to people about what bike they want and stuff, im smart