All of the Following Are True of Labor Unions EXCEPT

question 76

Multiple Choice

All of the following are true of labor unions EXCEPT:*

• A) they are made up of workers.
• B) they act as a "collective" voice for the workers.
• C) they are run by the company management.
• D) they bargain for the workers.

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Definitions:

C2B

C2B, or Consumer-to-Business, refers to transactions where individuals offer products or services to businesses, reversing the traditional business-to-consumer model.

B2B

Business-to-Business, a model that involves transactions between businesses, such as between a manufacturer and a wholesaler, or a wholesaler and a retailer.

C2C

Customer to Customer, a business model where customers trade with each other, typically facilitated by a third-party platform.

Creating Value

Refers to the process of enhancing or adding features to a product or service to increase its perceived worth to consumers or stakeholders.