Unions Have a Major Effect on the Work Environment and Do

question 10

Multiple Choice

Unions have a major effect on the work environment and do all of the following EXCEPT:

• A)provide input on company benefit plan designs
• B)get involved in employee discipline concerns
• C)impact the relationships between employees and the organization
• D)reduce the need for effective HR policies and procedures
• E)influence working conditions in the organization

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Definitions:

Loss-Leader Pricing

A pricing strategy where a product is sold at a price below its market cost to stimulate other profitable sales.

Yield Management Pricing

A pricing strategy that involves adjusting prices based on expected demand levels, commonly used in the airline and hotel industries.

Skimming Pricing

A pricing strategy where a firm charges the highest initial price that customers will pay and lowers it over time as the demand at the higher price decreases.

Target Return

A pricing strategy where the price is set based on a targeted return on investment for a product or project.