One of the most annoying, and dishonest business practices that is still common is misleading consumers. Some of the more notorious examples of this are as follows:
Unfair Competitive Actions
Unfair Competition Laws are designed to protect consumers and businesses alike against deceptive business practices. Some common examples of unfair competitive practices in commercial law include: trademark infringements, trade defamation, and misappropriation of business trade secrets. As pertains to consumers, unfair competition laws usually prevent unfair pricing strategies, like gouging, and false or misleading representations.
Some examples that are clear examples of this would be
Stealing Trade Secrets
Recently Huawei has gotten into a lot of trouble in the US and part of it is allegations against some US workers who worked at Apple, and Tmobile who allegedly stole trade secrets and sent them to Huawei.
Stealing trade secrets is a huge deal in the corporate world. Some examples of highly guarded trade secrets include the recipe for Coca Cola, and WD-40.
Google Search Algorithm
Kentucky Fried Chicken Recipe
Coca Cola Recipe
Lena Blackburn’s Baseball Rubbing Mud
NY Times Bestsellers List
WD 40 Recipe
Krispy Kreme Recipe
McDonald’s Big Mac Sauce
While some companies have a bad reputation in how they treat employees such as Amazon, Fedex, and UPS. None come close to these companies:
There are numerous examples but these are some of the worst.
Financial deception is really bad especially for investors and stock holders.
Bribery especially happens in the developing world and big corporations have long used it as a common business practice to enter into markets that set hurdles for big companies. Here’s a few chief examples.
Big business is notorious for unethical business practices. These are just a handful of examples. Take note you don’t have to be unethical to be successful. But it helps.