One Reason Why a Consumer Might Buy from a High-Priced

question 55

Multiple Choice

One reason why a consumer might buy from a high-priced local hardware store instead of going to a big discount store several miles away in another community is that

• A)the local store will still have lower money prices
• B)the time cost of going to the local store is equal to going to the discount store
• C)comparing the sum of money prices and time cost, the local hardware store is a bargain for people who value time highly
• D)comparing the sum of money prices and time cost, the local hardware store is a bargain for people who earn low hourly wages
• E)the time cost of going to the discount store is less than going to the local hardware store

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Definitions:

Unionization

The process by which workers form or join a labor union to collectively negotiate with their employer for improved conditions, wages, and benefits.

Salting

A tactic used by unions where union workers get hired at non-union workplaces in order to organize and unionize the employees within.

Union Organizing Tactic

Strategies and methods used by labor unions to encourage and assist workers in forming or joining a union to represent their interests.

Gissel Bargaining Order

A legal order issued by the National Labor Relations Board that requires an employer to bargain with a union when majority support has been presumably achieved but undermined by unfair labor practices.