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Any company may, on its own, refuse to do business with another firm, but an agreement among competitors not to do business with targeted individuals or businesses may be an illegal boycott, especially if the group of competitors working together has market power.
The meaning of GROUP BOYCOTT is an agreed-upon refusal by competitors to deal with another business unless it refrains from dealing with a potential competitor trying to enter the market.
1 wrz 2023 · What Is Group Boycotting? A group boycott is when two or more competitors agree to conspire against a third competitor by no longer working with them. A group boycott increases the market power of the competitors who teamed up and harms the boycotted business.
A quick definition of group boycott: A group boycott is when two or more companies agree to stop doing business with another company to try and harm them. This is against the law because it can give the boycotting companies too much power and hurt competition.
Definition. Boycotting is a strategic form of protest where individuals or groups refuse to engage with a company, organization, or entity to express dissent or compel change.
A collective decision by competitors not to engage with a particular business unless it stops transacting with a potential market entrant. How to use "group boycott" in a sentence. The local merchants organized a group boycott against the supplier who was supporting a new store in the area.
