Most collective labor agreements provide for grievance mediation ...

[ss2343]

Most collective labor agreements provide for grievance mediation as a voluntary last step after arbitration.
 
  Indicate whether the statement is true or false

Question 2

How can competitor forecasts influence a firm's forecast of its own future business activity?
 
  What will be an ideal response?

[stanleka1]

Answer to Question 1

False

Answer to Question 2

If new competitors enter an industry, customers will have greater product choices, which will tend to dilute the demand for any one company's products or services. For example, in the face of increased competition from foreign carmakers, many U.S. carmakers, including GM and Chrysler, experienced declining demand for their products and downsized their workforces. Alternately, if a firm leaves a market, then its surviving competitors might experience greater demand for their products or services.