Asked by Alasiah Henderson on Sep 24, 2024
The union would have a better bargaining position in the negotiations if
A) The firm can hire individual workers at a lower wage
B) The union has low wage workers who cannot afford to be off work
C) The union has a strike fund to pay workers during work stoppage actions
D) The firm can easily replace workers with machinery
Bargaining Position
The relative power or leverage that an individual or party has during negotiations, affecting their ability to secure favorable terms.
Nonunion Workers
Employees who are not members of a labor union and therefore may lack certain protections or benefits that unionized workers enjoy.
Strike Fund
A pool of money set aside by labor unions to support workers during a strike, helping to cover lost wages and other expenses.
- Acquire knowledge on how bargaining power is affected by the presence of outside choices.
- Discern the function of negotiation tactics in augmenting the effectiveness of bargaining results.
Learning Objectives
- Acquire knowledge on how bargaining power is affected by the presence of outside choices.
- Discern the function of negotiation tactics in augmenting the effectiveness of bargaining results.