All of the Following Are Included in the 5 P's

question 25

Multiple Choice

All of the following are included in the 5 P's of traditional marketing, except:

• A) Person
• B) Place
• C) Pricing
• D) Productivity

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Definitions:

Bargaining Unit

A group of employees with a clear and identifiable community of interests who are represented by a single labor union in dealings with their employer.

Dues-paying Union Members

Workers who contribute financially to a union in exchange for membership and representation.

Wage Compression

The reduction in the difference in wages between employees within an organization, often as a result of policy or collective bargaining.

Union Contract

A collective agreement between an employer and a trade union representing the workforce, outlining wages, hours, and working conditions.