What is collective bargaining?

Collective bargaining is fundamentally defined as a method for negotiating employment terms between unions and employers. This process involves discussions and negotiations over various employment conditions, such as wages, working hours, benefits, and other workplace policies. The primary goal is to reach a mutually acceptable agreement that reflects the interests and needs of both sides—the employees represented by the union and the employers.

Through collective bargaining, unions act as representatives of the employees, allowing for a stronger negotiating power compared to individual negotiations, ensuring that workers' voices and concerns are adequately addressed. This collaborative approach not only helps establish fair working conditions but also promotes a stable labor-management relationship in the workplace.

The other options might touch on important aspects of labor relations but do not capture the essence of what collective bargaining specifically entails. Therefore, option B accurately represents the primary purpose and definition of collective bargaining in the context of labor relations.