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What Gives Unions the Formal Power to Negotiate Mutually Acceptable

question 40

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What gives unions the formal power to negotiate mutually acceptable workplace rules and working conditions with the employer?


Definitions:

Multidomestic Strategy

A strategy whereby global firms respond to differentiated needs and preferences in each local market in which they operate.

Meganational Strategy

A strategy whereby global firms focus on increasing profitable growth by reaping cost reductions from economies of scale and other advantages of global integration.

Transnational Strategy

A strategy whereby global firms take a hybrid approach that combines the meganational and multidomestic strategies, simultaneously offering the benefits of both global and local advantages.

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