Final answer:
Affiliating with a second (or more) broker involves establishing relationships with multiple brokers to expand investment opportunities. It can be done by completing paperwork and agreements, and ensuring compliance.
Step-by-step explanation:
Affiliating with a second (or more) broker in the business world involves establishing a relationship with multiple brokers or brokerages to expand one's investment opportunities. This can be done by completing the necessary paperwork and agreements with each broker, and ensuring compliance with regulatory requirements.
For example, a stock trader may decide to affiliate with a second broker to gain access to a wider range of financial instruments and market opportunities. They would need to meet the requirements set by the broker and complete any necessary account opening processes.
In the context of the given steps, step 4 suggests that the factory owners find it beneficial to work together and coordinate their activities, which implies that affiliating with each other would lead to greater profits or efficiency.