Management's power in collective bargaining sessions rests on
A)The company's stock valuation.
B)The ability to lock out workers by closing stores or factories.
C)The ability to fire nonunionized workers.
D)The firm's market power in pricing its product.

Question

Quizplus · Accepted Answer

Management's power in collective bargaining sessions primarily comes from their ability to lock out workers by closing stores or factories. This puts pressure on the union to reach a agreement quickly in order to avoid a prolonged strike and the accompanying financial hardships for workers.

Management's Power in Collective Bargaining Sessions Rests on