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

Question

Quizplus · Accepted Answer

This is an example of collusion, which is an agreement between two or more parties to deceive or defraud others. In this case, the representatives of two companies collaborated to eliminate the third from the competition, which is against fair competition and ethical business practices.

Three Companies Have Been Selected as Potential Suppliers for Temporary