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: The correct answer is
A: Decide the extent of necessary followup work.
Explanation: It is the responsibility of the Chief Audit Executive to decide the follow up process to be done.
The nature, timing and extent of follow up is communicated by the Chief Audit Executive and he also has the responsibility to find out from management why actions have not been taken.
Option E , ASEAN trading bloc would reduce trade barriers between China and Vietnam
Explanation:
The Association is a national intergovernmental body of ten countries in Southeast Asia that promotes intergovernmental cooperation and facilitates the integration of its members and others in the Asian economy, diplomacy, defense, the army, education and social-culture.
In and beyond the Asia-Pacific region, ASEAN regularly engages with other countries. ASEAN is a major partner in the Shanghai Cooperation Organization and operates a global network of allies and dialog members, many of them considered a financial superpower and central Asia-Pacific co-operation union.
The ASEAN Secretariat is headquartered in Jakarta, Indonesia, and is involved in numerous international affairs, and holds diplomatic missions all over the world.
Answer: False these are the things that draw in customers if they have good rates they would be happy to tell you.