Dumping
Dumping is selling internationally traded goods below their cost of production.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Dumping. Selling internationally traded goods below their cost of production.
According to Marketing Management by Keller and Kotler (15th edition),
- Dumping. Situation in which a company charges either less than its costs or less than it charges in its home market in order to enter or win a market.
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Dumping. Under U.S. laws, it occurs when a non-U.S. company sells a product in the United States at a price below the market value in the country where it is produced, and this lower price materially injures or threatens to materially injure an industry in the United States.