When a Single Union Negotiates with Several Companies, the Employers

question 52

Multiple Choice

When a single union negotiates with several companies, the employers may bargain as a group. At the local level this is called _____ bargaining.

• A) coordinated
• B) distributive
• C) collective
• D) multiemployer
• E) collaborative

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Definitions:

Increasing Differentiation

A strategy where businesses aim to make their products or services stand out more distinctly from competitors'.

Decreasing Cost

The reduction in the total cost of production or operation over time, often achieved through efficiencies, economies of scale, or technological advancements.

Industry Factors

External influences that affect a sector's performance, including economic conditions, technological advancements, regulatory changes, and competitive dynamics.

Existing Marketplace

The current environment in which goods and services are bought and sold, including all of its conditions and competitors.