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________ Is a Competitive Advantage in the Form of Relationships

question 53

Multiple Choice

________ is a competitive advantage in the form of relationships with other people and the image other people have of an entrepreneur.


Definitions:

Referent Power

A form of influence that one individual has over another based on the strength of their relationship or the charisma and likability of the person who holds power.

Coercive Power

The ability of a person or group to enforce compliance through threats or punishment.

Exchange Orientation

A perspective in relationships focusing on the balance of rewards and costs between the parties involved, often in the context of social or work-related interactions.

Expert Power

The influence one possesses as a result of experience, special skill, or knowledge, which others see as valuable.

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