Types of Unfair Competition Practices

AstoundedForgetMeNot avatar
AstoundedForgetMeNot
·
·
Download

Start Quiz

Study Flashcards

12 Questions

Unfair competition is using illegal, deceptive, and fraudulent selling practices that harm consumers or other businesses to gain a competitive advantage in the market. TYPES OF UNFAIR COMPETITION FALSE ADVERTISING-which includes misleading claims about a product's effectiveness, is a widespread strategy used by dietary supplement and food producers in order to boost ______.

profits

Trademark Infringement is the unauthorized usage of a mark that is identical or similar to a registered ______.

trademark

Bait-and-Switch Tactics uses false claims about product quality or low prices to attract customers, aiming to upsell them on a more expensive ______.

item

Misappropriation of Trade Secrets means that your competitor discovered the secret of your recipe, strategy, or formula that was your competitive advantage and uses it to gain more ______.

money

Rumor Mongering, this practice speaks for itself, typically refers to the act of spreading gossip or false information to create fear, uncertainty, or ______.

distrust

Below-cost selling is the practice of setting lower prices than the cost of production in order to remove ______.

competitors

What is the practice of using illegal, deceptive, and fraudulent selling practices to gain a competitive advantage in the market?

Unfair competition

What is the type of unfair competition that involves misleading claims about a product's effectiveness?

False advertising

What term refers to the unauthorized usage of a mark that is identical or similar to a registered trademark?

Trademark infringement

Which tactic uses false claims about product quality or low prices to attract customers, aiming to upsell them on a more expensive item?

Bait-and-switch tactics

What is the practice of setting prices lower than the cost of production in order to remove competitors?

Below-cost selling

What is the act of spreading gossip or false information to create fear, uncertainty, or distrust?

Rumor mongering

Explore the various types of unfair competition practices including false advertising and trademark infringement. Learn how illegal, deceptive, and fraudulent selling practices can harm consumers and businesses, leading to an unfair advantage in the market.

Make Your Own Quizzes and Flashcards

Convert your notes into interactive study material.

Get started for free

More Quizzes Like This

Use Quizgecko on...
Browser
Browser