Examlex
In the trait approach to leadership, ________ refers to a set of characteristics that reflect a high level of effort, including high need for achievement, constant striving for improvement, ambition, energy, tenacity, and initiative.
Consumer Price Index
A measure that examines the weighted average of prices of a basket of consumer goods and services, used as an indicator of inflation.
Economic Scale
Economies of scale, which refer to the cost advantages that enterprises obtain due to size, output, or scale of operation.
Critical Factors
Essential elements or conditions necessary for the success of a business or project.
New Business
A venture that has been recently established, entering the market with fresh offerings of products or services.
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