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Unions have used givebacks as a tactic to increase membership of a culturally diverse workforce.
Parent Company
A corporation that owns enough voting stock in another company to control management and operations by influencing or electing its board of directors.
Backward Integration
A business strategy where a company expands its role to fulfill tasks formerly completed by businesses up the supply chain.
Forward Integration
A business strategy where a company extends its operations by moving towards the direct control of its distribution or supply chain further down the production process.
Retailer
A business or person that sells goods to the consumer, as opposed to a wholesaler or supplier.
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