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Questions
What is meant by Unfair Trade Practices?
What are unfair trade practices?
Solution
A trading practice that uses any unfair technique or unfair or misleading conduct to promote the exclusive use, supply, or provision of goods or services is referred to as an unfair trade practice. It consists of:
- Deceptive or fraudulent representation.
- Discounted cost.
- Presenting gifts, awards, etc.
- Violation of the product safety regulations.
- Destroying or hoarding commodities.
Notes
Students should refer to the answer according to their questions.
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