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What are the assumptions of the EOQ model?
Union Representation
The act of a labor union negotiating and advocating on behalf of its members with their employers regarding workplace issues.
Job Security
The likelihood of an individual to retain their employment position without the risk of becoming unemployed.
Labor Unions
Organizations representing workers' interests, focusing on negotiating with employers over wages, working conditions, and benefits.
Wages and Benefits
Compensation received by employees for their services including hourly pay or salary, along with additional perks such as health insurance, retirement plans, and bonuses.
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