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.
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