Complete the Following Using the Terms Listed Below

question 2

Multiple Choice

Complete the following using the terms listed below:
-The process of negotiation between management and union representatives for the purpose of arriving at a mutually acceptable agreement is called ______.

• A)job enlargement
• B)360-degree performance review
• C)collective bargaining
• D)Theory Y
• E)downsizing
• F)outsourcing
• G)flexible work plans
• H)grievance
• I)wage
• J)human resource management
• K)performance appraisal
• L)employee separation
• M)lockout
• N)arbitration

---

Definitions:

Product Development

Product Development involves refining and enhancing an existing product's features or developing new products to meet market demand or take advantage of market opportunities.

Market Development

A growth strategy where a company seeks to sell its current products in new markets or new segments of existing markets.

Growth Strategy

A growth strategy is a plan of action designed to increase the size and scope of a business, by expanding its market reach, product portfolio, or operations.

Market Penetration

A measure of the extent to which a product or service is recognized and purchased by customers within a specific market.