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Why Is It So Important for Managers to Have Good

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Why is it so important for managers to have good interpersonal skills?


Definitions:

Black Markets

Illegal trading of goods and services that occurs outside the official channels sanctioned by authorities.

Price Ceilings

An imposed limit on the price charged for a product or service, often set by government regulation to protect consumers from excessively high prices.

Market Intervention

Market intervention is the action taken by a government or a regulatory authority to affect the market for a particular good or service, typically to correct market failures.

Price Floor

A government- or authority-imposed price control or limit on how low a price can be charged for a product, service, or commodity.

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