Unfair Trade Practices

False representation
What is trade practices?
It refers to the using various deceptive and unethical methods to obtain
business.
An unfair trade practice means a trade practice, which, for the purpose of
promoting any sale, use or supply of any goods or services, adopts unfair
trades,
It relate to production, marketing, advertisement, impot/export and services.
Some unfair trade practices:
False representation
False offer or bargain price
Free gifts offer and prize schemes
Photo retouching
False representation
Falsely suggests that the goods are of
a particular standard quality, quantity,
grade, composition, style or mode.
Gives any warranty or guarantee of
the performance, that is not based on
adequate or proper test.
False offer of bargain price
Where an advertisement is published in a newspaper or otherwise whereby
goods or services are offered at a bargain price when in fact there is no
intention that the same may be offered at that price.
Free gifts offer and prize schemes
Offering any gifts, prices or other items along with the goods when the real
intention is different.
Many non branded, ISO, ISI, IF0
Standardized products are marked in
the guidance of branched products.
fault advertisement in TV( drinds,
Shampoos, beauty creams etc.)
Photo retouching
Often used in cosmetic and weight loss
commercials, these adverts portray false and
unobtainable results to the consumer and give
a false impression of the products true
capabilities.
False claims on price
• Price ranges.
• Quotes and estimates.
• Sales and promotions.
• Special offers.
• ‘Free’ goods and services.
• Hidden or additional costs.
• Price displays.
Consumer protection
• Claims on qualities and skills.
• Claims on success.
• Condition: new or used?
• ‘Fine print’ conditions.
• Pictorial representation must not mislead.
• Origin of goods.
Consumer protection law
Consumer protection law, as well as section 5(a) of the federal trade
commission act, protects consumers from unfair trade practices.
Conclusions
Competition in markets promotes
fairness.
Need to reflect national attributes in
legislation and enforcement.
give importance to consumer
protection
Reference
https://en.m.wikipedia.org/wiki/Unfair_business_practices
https://www.investopedia.com/terms/u/unfair-trade-practice.asp
https://www.winston.com/en/legal-glossary/unfair-trade-practices.html
By
• G. Pavitra - 22MIS0254
• M. Kathyayani - 22MIS0255
• K. Lingesh - 22MIS0256
• R. Divya dharshini - 22MIS0257
• G. Raafid - 22MIS0258
Thank You