Three companies have been selected as potential suppliers for temporary office help for an organization's headquarters office. Since the negotiations began, representatives of two of the firms have met and developed a scheme, which will eliminate the third from the competition. This is an example of:

Question

Quizplus · Accepted Answer

The representatives of two firms met and developed a scheme to eliminate the third firm from the competition, indicating collusion. Collusion is an illegal and unethical business practice where competitors conspire to restrict competition in order to increase profits or market power.

Three Companies Have Been Selected as Potential Suppliers for Temporary