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Question
Give few examples of unfair trade practices.
Short Note
Solution
- False representation
- When goods and services are not of stated standard, quality, or grade
- When second hand, renovated goods are sold as new ones
- When goods and services do not have the claimed use, usefulness, or benefit
- When products/services do not have the claimed warranty/guarantee
- When the price of a product or service is misleading.
- False and misleading advertisement of selling at a bargain price.
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Classification of Markets
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