Question

Two brokers in a small community felt that another local broker was unethical and dishonest. They agreed not to send him any referral business, and they encouraged other area brokers to follow their lead. They could be accused of:

Answer 1

A group of boycott

Step-by-step explanation:

A group of boycott occurs when two or more individuals or firms devise means to stop a person or business from competing in the market.

Group boycott activities usually takes place when a new individual or business enters into the market with new ideas and innovations to promote their products. This creates a sense of insecurity to other business, thereby leading them to carry out different activities inorder to stop that new individual/business from competing in the market.

Answer 2

The correct answer is a group boycott.

Step-by-step explanation:

A boycott in general means the act of refusing to negotiate or have any commercial relationship in order to harm a particular person or company. In this case the two brokers are acting in this way, because they omit the referral business submission only because they think that another broker was unethical and dishonest. This action can cause that person to accuse them of group boycotts and to be dismissed from their jobs.