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Discuss the significance of the 1997 Teamster strike against UPS.
Open Charge Account
A credit account that allows the account holder to purchase goods or services on credit and pay for them at a later date.
Line of Credit
A credit facility extended by a bank or financial institution to a government, business, or individual, allowing them to borrow up to a predetermined limit.
Price Lining
A pricing strategy where products are sold at a limited number of price points, each representing a different level of quality or features.
Prestige Pricing
A pricing strategy where prices are set higher than normal because the product or service is perceived to be more prestigious or luxurious.
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