Examlex
In right-to-work states, only the workers who vote to be represented by a union are covered by the collective bargaining agreement between the employer and the union.
BCG Matrix
A framework that categorizes a company's products or business units into four types (stars, cash cows, question marks, dogs) based on market growth and market share, guiding resource allocation decisions.
Market Position
Refers to a brand's unique place in the minds of consumers, relative to competitors, based on attributes like quality, price, and benefits.
Cash Fund
A reserve of cash set aside for specific purposes, emergencies, or investment opportunities within a business.
Product Hierarchy
The classification of a company's products into a structured order from basic needs to specific items that satisfy those needs, often represented as a layered pyramid.
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