The process by which union and management representatives negotiate a mutually agreeable contract specifying wages, benefits, and working conditions is called

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Collective bargaining is the process in which union and management representatives negotiate and come to an agreement on important elements such as wages, benefits, and hours of work for employees. It involves a back-and-forth between the two sides until an agreement is reached that benefits both parties. Mediation, arbitration, striking, and litigation are all potential consequences or alternative methods if collective bargaining fails.

The Process by Which Union and Management Representatives Negotiate a Mutually