Union Membership Will Be More Attractive from the Worker's Viewpoint

question 76

Multiple Choice

Union membership will be more attractive from the worker's viewpoint if

• A) the demand for the union labor is highly inelastic.
• B) the supply of union labor is highly elastic.
• C) only a few of the firms in the industry are unionized.
• D) the membership dues charged by the union are extremely high.

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Definitions:

Marketing Chain

The series of processes and activities involved in moving a product from producer to consumer, including distribution and selling.

Vertical Merger

A merger between companies in the same industry but at different stages of the production process, such as a manufacturer merging with a supplier.

Horizontal Merger

A business consolidation that occurs between firms operating in the same industry.

Conglomerate Merger

A merger between companies operating in different industries, aimed at diversification or expansion of a corporate portfolio.