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Describe the two basic strategies of unions in increasing wage rates for their members.
Acquired Firm
A company that has been purchased and absorbed by another entity.
Going-Private Transaction
A process in which a publicly traded company is transformed into a privately held entity, often through a buyout from private investors.
Bidding Firm
A company that proposes a financial offer in an attempt to acquire another company or win a contract.
Board of Directors
A group of individuals elected by the shareholders of a corporation to oversee the management and make major decisions affecting the company's policies and strategies.
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