madhatter3206 madhatter3206

02-07-2024
Business

Answered

Negotiation between union leaders and business management is called ____________.

Answer :

GinnyAnswer GinnyAnswer

02-07-2024

Final answer:

Collective bargaining is the negotiation process between a company's management and a labor union, involving concessions and strikes if agreements are not reached.

Explanation:

Collective bargaining refers to the negotiation process between a company's management and a labor union to reach agreements on various aspects such as wages and working conditions. It involves making concessions, demonstrating cooperativeness, and aiming for compromises that are mutually acceptable. If negotiations fail, unions may resort to strikes as a labor action to push for their demands.

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