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Tyron manages with McGregor's Theory X in mind, and, as a result, his employee, Cassie, is losing interest in her job. If Tyron could abandon his current beliefs, he might instead acknowledge that there is "no one best way" to manage. He might consider Cassie's values, goals, skills, and attitudes, along with other factors, both internal and external to the firm, to improve performance. If so, he would be using the
Illegal
Pertains to actions, behaviors, or conditions that are against the law or statutory requirements.
Oligopoly
A market configuration where a few companies have substantial influence over the pricing and competitive landscape.
Large Firms
Companies that are considerable in size, often having extensive operations, large revenues, and many employees, playing significant roles in their industries.
Price Leadership
A strategy where the dominant firm in a market sets the price of goods or services, and other competitors in the market follow suit.
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