Examlex
During the sales decline stage of the product life cycle, no firm can earn a profit.
Amalgamated Union
A labor union formed from the combination of two or more unions, typically to strengthen their bargaining power.
Variety of Industries
A wide range of sectors or fields of economic activity involved in the production of goods and services.
Union Steward
A union representative elected by fellow workers to serve as their liaison with union officials and management, often playing a crucial role in grievance processes.
Grievance Arises
Refers to situations where an issue or complaint is raised by an employee or a group of employees, typically regarding workplace policies, conditions, or treatments that they find unfair or unsatisfactory.
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