The process through which a union and management negotiate a labor contract is:

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Collective bargaining is the process through which a union and management negotiate a labor contract. This involves discussions and negotiations on wages, working conditions, benefits, and other employment terms. Strikes and lockouts can be tactics used during the bargaining process, but they are not the process itself. Wage-price controls are government-imposed restrictions and not a negotiation process between unions and management.

The Process Through Which a Union and Management Negotiate a Labor