Definition
Unfair competition refers to the use of sales practices deemed unethical by judicial, legal, or administrative agencies (e.g., selling products below cost to drive a competitor out of business or dumping goods in foreign markets).
It is defined in antitrust laws as acts to mislead and confuse consumers, such as the deceptive substitution of one product for another in order to gain unfair advantage over competitors.[1]
See also
References
- ^ American Marketing Association, AMA Dictionary.