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People are totally willing for cheaply made furniture, appliances, etc.
by calvano915 6y ago
People are totally willing for cheaply made furniture, appliances, etc.
- noizejoy 6y agoThat’s not dumping. This is: https://en.wikipedia.org/wiki/Dumping_(pricing_policy) https://en.wikipedia.org/wiki/Dumping_(pricing_policy)
- calvano915 6y agoWhile the means may be different the goals are the same: "The objective of dumping is to increase market share in a foreign market by driving out competition and thereby create a monopoly situation where the exporter will be able to unilaterally dictate price and quality of the product".
- noizejoy 6y agoThe word “dumping” in this context is a well defined term, not a colloquial English word. Making cheap products from cheap materials (at a presumed profit) isn’t the same as loss-making pricing schemes even if the high level motivation to beat competitors is the same.