If Data Indicated That a New Product Could Serve as a Cheaper

question 100

Multiple Choice

If data indicated that a new product could serve as a cheaper substitute for a company's product, the CEO of the latter company might __________:

• A)increase prices
• B)decrease costs
• C)look for a new, unique use of his/her product
• D)try to put the competitor out of business
• E)close several production plans

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Definitions:

Communal Characteristics

Traits or features that facilitate a sense of belonging and cooperation within a community or group.

Agentic Characteristics

Traits associated with individuals who take initiative, self-regulate, and strive to influence their environment.

Authoritativeness

The quality of being authoritative; having the recognized power, accuracy, or legitimacy to make decisions or direct others.

Leadership Traits

Inherent characteristics or qualities that are thought to be beneficial for effective leadership, such as integrity, confidence, and intelligence.