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Assume that your current small television set (for which you paid $369.99 several years ago) has developed wavy lines across the screen and makes the people in your favourite programs sound as though they are using cheap walkie-talkies. Therefore, you have decided to work all summer to save money for the ultimate $1,800 high-definition television with surround sound. Trace the steps of your decision process for purchasing your new television.
Labor Relations
The study and practice of managing the relationships between employers and their workforce, including negotiations, contract implementation, and dispute resolution.
Purchased Products
Items or goods that have been bought from a manufacturer, supplier, or retailer.
Risk
The exposure to potential financial losses or operational failures due to uncertain future events.
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