Which unethical business practice involves falsely presenting one company's product as that of another?

The correct answer is - Palming off

Key Points

• Palming off
  • Refers to the unethical practice of misleading consumers into believing that one company's product is that of another.
  • Commonly involves copying packaging, branding, or trademarks to create confusion.
  • Intent is to capitalize on the established reputation and customer base of the original product.
  • Often leads to legal actions under laws related to unfair competition and trademark infringement.

Additional Information

• Counterfeiting
  • Involves creating an exact imitation of a product, usually to deceive consumers into buying fake products.
  • Highly prevalent in luxury goods, pharmaceuticals, and electronics sectors.
• Commercial disparagement
  • Involves making false or misleading statements about a competitor's products to damage their reputation.
  • Often addressed through defamation or trade libel laws.
• Trademark violation
  • Occurs when a party uses a trademark that is identical or confusingly similar to a registered trademark without permission.
  • Can lead to consumer confusion and dilution of brand value.