Types of Unfair Competition Practices
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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 ______.

<p>money</p> Signup and view all the answers

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

<p>distrust</p> Signup and view all the answers

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

<p>competitors</p> Signup and view all the answers

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

<p>Unfair competition</p> Signup and view all the answers

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

<p>False advertising</p> Signup and view all the answers

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

<p>Trademark infringement</p> Signup and view all the answers

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

<p>Bait-and-switch tactics</p> Signup and view all the answers

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

<p>Below-cost selling</p> Signup and view all the answers

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

<p>Rumor mongering</p> Signup and view all the answers

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