Performance Management Is a Critical Element of Effective Leadership

question 2

Multiple Choice

Performance management is a critical element of effective leadership. One part establishes direction and clarity of assignment. It is

• A) performance planning.
• B) performance coaching.
• C) correcting poor performance.
• D) none of these.

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Definitions:

Advertising

A form of communication that is typically paid for, aimed at informing or persuading a target audience about products, services, or ideas.

Product Differentiation

The strategy of setting a product or service apart from those in the market to enhance its desirability to a certain target group.

Oligopolists

Firms that dominate an industry, characterized by a small number of entities controlling a large market share.

Price War

A competitive situation where rival companies repeatedly cut prices to undercut each other, often to gain market share.