Unfair and deceptive trade practices are essentially misleading or illegal acts that cause harm to consumers or competitors in the market. Unfair trade practices are acts that cause harm to consumers or users of products in the marketplace.Examples of unfair trade practices include false advertising, price fixing, and anticompetitive behavior. Unfair claims practices occur when an insurer tries to avoid or delay paying a claim that an insured client is entitled to. Decline personal gifts or gratuities. 7. Encourage participation of historically underutilized businesses in the procurement process. 8. Section 5(a) of the Federal Trade Commission Act. (FTC Act) (15 USC §45) prohibits "unfair or deceptive acts or practices in or affecting. It includes sample test questions and feedback and will take approximately 30 minutes to complete. Examples of 'business practices' in a sentence.