Asked by Jamie Nsubuga on Sep 28, 2024
Verified
Concession bargaining, while common in the 1980's, rarely occurs today.
Concession Bargaining
A negotiation process where the union agrees to reduce benefits or alter conditions in exchange for something from the employer, often during economic difficulties.
- Distinguish between the concepts of fractional and integrative bargaining and understand their respective uses.
Verified Answer
JM
Jisel Montoya1 day ago
Final Answer :
False
Explanation :
Concession bargaining still occurs today, but it may not be as prevalent as it was in the 1980s. Some industries or companies may still engage in concession bargaining to achieve cost savings, but it may also depend on factors such as the strength of the labor market and overall economic conditions.
Learning Objectives
- Distinguish between the concepts of fractional and integrative bargaining and understand their respective uses.
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