Examlex
After contract negotiations have been going on for an extended time it appears that a union negotiator will likely have to make a concession to reach an agreement. The concession will significantly affect half of the bargaining unit. The union negotiator is considering how to avoid a backlash from the bargaining unit members affected. This situation illustrates which of the following:
Price Sensitivity
The degree to which the demand for a product is affected by changes in its price.
Co-branding Costs
Expenses associated with a partnership between two or more brands to create a product or service that leverages the strength of both brands.
Private-label Brands
Products manufactured by one company for sale under another company's brand, commonly found in groceries and chain stores, offering a competitive alternative to national brands.
Retailers
Businesses that sell goods and services directly to consumers through various channels, including physical stores, online platforms, and catalogues, acting as intermediaries between manufacturers and end-users.
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