Name:

Section:

CSR Towards Competitors

I .Identification: Write your answer before each number
1. It is an unethical business behavior to gain competitive edge over other
businesses.
2. A built in, Self regulating mechanism whereby business monitors and ensures
its activities is aligned with law, ethical standards and international norms.
3. Fraudulent act common in businesses.
4. It is the commission of a prohibited act with respect to a patented invention
without permission from the patent holder.
5. Patents can be granted in a form of what?
6. Kind of fraud that can lead to confusion, deception, or mistake about the
source of the goods and services
7. It was created for the purpose of eliminating competition in an area of
business and of controlling the market for a product.
8. Agreements between companies wherein prices can be set on a higher
amount
9. The unauthorized use of a trademark or service mark on or in connection
with goods and/or services
10.It is a formal (explicit) agreement among competing firms.
II. True Or False
1. Increase in number of customers is not a reason of unfair trade practices
2. When profit maximization becomes the goal of a company, it will lead the
company to demise
3. Advance in scientific fields is the reason why company lead to unfair trade
practices.
4. Price fixing was not included in Anti trust laws
5. Decrease in number of customer may lead to unfair trade practices
6. Corporate monopoly was created for the purpose of eliminating competition
in the industry
7. Being dominant company means you least powerful in the industry
8. Competition does not benefit consumer
9. Having small number of competitor means lesser market control
10.Perfect competition can be attained if you have only 1 competitor with less
market control