A Generic Business-Level Strategy Is a Strategy That Gives a Company

question 72

True/False

A generic business-level strategy is a strategy that gives a company a specific form of competitive position and advantage over its rivals that results in above-average profitability.

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Definitions:

Collective Bargaining

The negotiation process between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, and other aspects of workers' compensation and rights.

Unilateral Change

Actions taken by an employer to alter terms of employment (such as wages, hours, or duties) without negotiation with the employees or their representatives.

Permissive Items

Items in collective bargaining that can be negotiated, but are not mandatory to include in agreements.

NLRB

The National Labor Relations Board, a federal agency in the United States responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.