Management's power in collective bargaining sessions rests on

Question

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Management's power in collective bargaining sessions mainly relies on its ability to lock out workers by closing stores or factories, which puts pressure on the union to concede to the employer's demands in order to avoid losing their jobs. While firing nonunionized workers may weaken the bargaining position of the union, it is not a direct source of power for management in collective bargaining sessions. The company's stock valuation is also not relevant to the bargaining power of management during collective bargaining sessions.

Management's Power in Collective Bargaining Sessions Rests on