The Development of New Products That May Replace Sales of Existing

question 120

Multiple Choice

The development of new products that may replace sales of existing products is referred to as the threat of

• A)new entrants.
• B)substitutes.
• C)diminished supply.
• D)technology.
• E)complements.

---

Definitions:

European Social Partnership

A model for labor relations in Europe that emphasizes cooperation between government, employers, and labor unions.

National Union Leadership

The top-level executives or officers who oversee and direct union activities at the national level.

Economic Goals

Objectives that individuals, businesses, or governments aim to achieve to ensure sustainable economic growth and development.

Industrial Unionism

A labor union organizing method where all workers in the same industry are organized into the same union, regardless of skill or trade.