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According to Fiedler's Contingency Theory of Leadership,the More Control the Leader

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According to Fiedler's Contingency Theory of Leadership,the more control the leader has over the followers,the less favorable the situation is for the leader.


Definitions:

Small Business Owner

An individual who owns and operates a business that is smaller in scale in terms of revenues, employees, and operations.

Economy Of Scale

The cost advantage achieved by companies when production becomes efficient, as fixed costs are spread out over more units of output.

High Shrinkage

A term used in retail to describe a higher than normal reduction in inventory due to factors like theft, damage, or errors.

Prices

A term referring to the amount of money required to purchase a good or service; it is determined by factors such as demand, supply, and production costs.

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