Which of the Following Factors Will Make It Easier for a Labor

question 73

Multiple Choice

Which of the following factors will make it easier for a labor union to increase the wages of its members?

• A) a highly inelastic demand for the products produced by the union labor
• B) a readily available supply of similar products produced by nonunion labor
• C) low tariffs and strong competition from foreign firms producing the products supplied by the union labor
• D) a reduction in the demand for the products produced by the union labor

Grasp the concept of stakeholder orientation and its significance for business success.

Describe the normative and conceptual approaches to stakeholder theory.

Understand the role of shareholders and suppliers and what they offer to organizations.

Identify the activities associated with stakeholder orientation.

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Definitions:

Dominant

Exhibiting power or influence over others; often leading or prevailing in a group or situation.

Back-up Style

A secondary method or approach used when the primary method fails or is unavailable.

Pressure

A force exerted upon an object or individual, often leading to physical or psychological strain.

Relationship Behaviors

Actions and interactions that build, maintain, or alter relationships between individuals or within groups, including communication, trust-building, and conflict resolution.