Asked by Carlos Paredes Monreal on Apr 25, 2024
Verified
"Palming off" was one of the earliest forms of unfair competition, but it is not found today.
Palming Off
A form of trademark infringement where a seller misleads consumers into believing their products are those of another brand.
Unfair Competition
Dishonest or fraudulent rivalry, especially in business practices, that harms other competitors or consumers.
- Understand the ethical and legal implications associated with employing intellectual property within a business setting.
Verified Answer
SH
Sequoia Haney7 days ago
Final Answer :
False
Explanation :
"Palming off" still occurs today, often in the form of selling counterfeit goods or services under the guise of another brand, misleading consumers and harming the original brand's reputation.
Learning Objectives
- Understand the ethical and legal implications associated with employing intellectual property within a business setting.