Suppose Ford, GM, and Dodge Make the Majority of Pick-Up

question 13

Multiple Choice

Suppose Ford, GM, and Dodge make the majority of pick-up trucks sold in the United States If they all sell for approximately the same price, and Ford offers a $2,000 rebate on new truck sales, what can Ford expect to see?

• A) an unprecedented increase in truck sales
• B) an immediate response by GM and Dodge
• C) a visit from the antitrust authorities of the government
• D) a revolution from Ford stockholders

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Definitions:

Trade Unions

Organizations that represent the interests of workers in negotiations with employers over wages, work conditions, and employee rights.

AFL

The American Federation of Labor, a national federation of labor unions in the United States, focused on improved labor conditions and wages.

Management

The act of directing and controlling a group of people or an organization to achieve a goal through the use of resources efficiently and effectively.

Bargaining

The process of negotiating the terms of an agreement or transaction between parties with differing interests.