Examlex
The responsibility of transportation is to create both time utility and place utility,which means that products will be delivered at precisely the right time to the desired location.
Production Output
The total amount of goods or services produced by a company or industry within a specific period.
Collective Bargaining
The process in which employees, through their unions, negotiate contracts with their employers to determine their terms of employment, including pay, benefits, hours, leave, job health and safety policies, and more.
Industrial Union
A labor union organizing method where all workers in the same industry are organized into the same union, regardless of skill or trade.
Craft Union
A labor union whose membership is restricted to skilled workers in a specific trade or craft.
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