The bargaining power of a union may be exercised by striking, picketing, or boycotting.
Hence, Option C is correct.
What do you mean by Bargaining power?
- The ability of parties to exert influence over one another during an argument is referred to as bargaining power.
- In a discussion where both sides are on an equal footing, they will have the same amount of bargaining power, as would occur in a market with perfect competition or between two equally powerful monopolies.
- The key buying criteria of buyers (such as price, quality/reliability, service, convenience, or any mix of these), price sensitivity or elasticity, switching costs, and their number and size in relation to the number and size of suppliers, all affect their relative bargaining power.
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