The product market
A) is basically an irrelevant influence on the labor relations process.
B) is where the company either sells its product or purchases key elements for its manufacture.
C) can make management more vulnerable.
D) is basically an irrelevant influence on the labor relations process and is where the company either sells its product or purchases key elements for its manufacture.
E) is where the company either sells its product or purchases key elements for its manufacture and can make management more vulnerable.

Question

Quizplus · Accepted Answer

The product market is where the company either sells its product or purchases key elements for its manufacture. This market can make management more vulnerable, as changes in demand or supply can affect the company's profitability and, thus, its ability to maintain its workforce and negotiate with labor unions. Therefore, it is an important influence on the labor relations process. Option D is incorrect because the statement that the product market is an irrelevant influence on the labor relations process is not true.

The Product Market