Which party (union or management) would likely be in a stronger position to bargain for its preferred wage outcome under the following conditions, and why?high profits, an expanding market share, a healthy economy, and the cost of living rising less than two percent per yearlow profits, stagnant sales growth, uncertain economic conditions, and a projected four percent annual rise in cost of livingYour response to these questions should be a minimum of 1 page in length. There are are required resources or citations for this assignment. Please be sure to include our reference list on a separate page.