A New-Buy Situation Refers to The

question 123

Multiple Choice

A new-buy situation refers to the:

• A) setting of new standards for current vendors
• B) establishment of a new buying center
• C) resolution of new conflict between buyer and seller
• D) search for replacement vendors for standard,currently used parts
• E) purchase of a product or service when a new demand arises

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Definitions:

Wagner Act

Also known as the National Labor Relations Act of 1935, it is a foundational statute of United States labor law which guarantees basic rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.

Right-To-Work Laws

State laws that prohibit labor-management agreements requiring union membership as a condition of getting or keeping a job.

Constructive Discharge

Discriminatory action whereby an employee is demoted to a job with less pay, authority, or poorer working conditions than the job that person previously held or is subjected to supervisory harassment.

Antitrust Laws

Antitrust laws are regulations enacted to promote fair competition by preventing monopolistic practices and ensuring market integrity.