When Firms Are Interdependent

question 112

Multiple Choice

When firms are interdependent,

• A)One firm can ignore other companies in the market when making decisions.
• B)The profit of one firm depends on how its rivals respond to its strategic decisions.
• C)They can act independently of one another.

---

Definitions:

Representation Election

A voting process conducted to determine if employees want to be represented by a particular union.

Union Promises

Assurances or commitments given by labor unions to their members or potential members about achieving certain goals or benefits through collective action.

Organizing Strategies

Various plans and methods used by organizations, such as unions, to mobilize and recruit members or supporters to achieve their objectives.

Members-only Representation

A labor representation model where union services and benefits are provided exclusively to members of the union rather than all employees in a bargaining unit.