Negotiations in Which a Number of Employers Jointly Bargain with a Given

question 46

Multiple Choice

Negotiations in which a number of employers jointly bargain with a given labor union is known as _____.

• A) mediation
• B) repatriation
• C) collective bargaining
• D) multi-employer bargaining
• E) co-determination

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Definitions:

High Cost Reductions

Strategic initiatives or measures taken to significantly lower expenses in order to improve profitability or financial performance.

Low Local Responsiveness

Refers to a company's minimal level of adaptation of its products and services to various local markets due to cost, efficiency, or uniform branding strategies.

International Strategy

A strategy in which global markets are penetrated using exports and licences.

Product Life Cycle

The series of stages that a product goes through from conception, through design and manufacture, to service and disposal including introduction, growth, maturity, and decline.