Managers Need to Develop Firm-Specific Capabilities to Differentiate a Firm

question 67

True/False

Managers need to develop firm-specific capabilities to differentiate a firm on governance dimensions and corporate finance.

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Definitions:

Bargaining Unit

A group of employees with a clear and identifiable community of interests, represented by a union in dealing with their employer over labor issues.

Representation Election

A process in which workers vote to decide whether they want to be represented by a union in dealings with their employer.

Perceived Costs

The costs that a consumer or purchaser believes they will incur in the process of obtaining or using a product or service.

Unionization

The process of forming a union or becoming a member of one, typically with the goal of improving negotiations with employers over wages, benefits, and working conditions.