cost of settlements
What cost of settlements means in Business A-Level, as defined for AQA.
Definition of cost of settlements
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Reference: AQA
A price on the cost side, since conceding generous pay awards raises fixed costs that are hard to reverse in a downturn.
Topics that use cost of settlements
Related terms
- conciliation and arbitration
- consultation versus negotiation
- hierarchy and span of control
- implementing change
- trade union recognition
- two way communication
- days lost to industrial action
- grievance and disciplinary procedures
Using cost of settlements in the exam
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