Developing Likely Union Proposals, a List of Management Demands, and a Contingency

question 73

Multiple Choice

Developing likely union proposals, a list of management demands, and a contingency plan for operating in the event of a strike are part of

• A)a union's bargaining strategy.
• B)an employer's bargaining strategy.
• C)compulsory binding arbitration.
• D)good faith bargaining.

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Definitions:

Herfindahl Index

An index reflecting the scale of companies compared to the entire sector and a sign of the level of competitive activity present.

Pure Monopolist

A market structure where a single firm is the sole producer and seller of a product or service without close substitutes, giving it significant market power.

Market Shares

The percentage of an industry's total sales that is earned by a particular company over a specified time period, indicating the company's size or presence in the market.

Interindustry Competition

The competitive relationship between firms or industries producing different goods or services that, while not direct substitutes, compete for the same consumer dollars.