Power That Is Granted by Virtue or a Social Agreement,such

question 48

Multiple Choice

Power that is granted by virtue or a social agreement,such as the authority we give to police officers,is called ________.

• A) referent power
• B) information power
• C) legitimate power
• D) expert power

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Definitions:

Market Development

A growth strategy that identifies and develops new market segments for current products, including geographic expansion or targeting new segments.

Diversification

A strategy in business and investment to spread risks and opportunities across different markets, products, or investments.

Cash Cow

A product, service, or business unit that generates a steady flow of profits with minimal investment.

Star

In the context of the Boston Consulting Group matrix, refers to a product or business unit with a high market growth rate and high market share, suggesting high potential.