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The Labor Relations Process Has Three Distinct Phases: Organizing,bargaining,and Administering

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Essay

The labor relations process has three distinct phases: organizing,bargaining,and administering.Discuss briefly the key elements of each phase and how they work together.


Definitions:

Due Diligence

The process of thoroughly investigating the accuracy of information before signing a franchise (or any other) agreement.

Fact Finding

The process of gathering information and data to understand a subject or resolve an issue comprehensively.

Industry Averages

Statistical metrics that represent the standard or average performance, productivity, or financial health of companies within a certain industry.

Expenses

Costs incurred in the process of generating revenue, including operational costs like rent, utilities, salaries, and materials.

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