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According to Fiedler's Contingency Theory of Leadership,what Are the Primary

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Essay

According to Fiedler's contingency theory of leadership,what are the primary factors that should be considered when moving leaders into situations appropriate for their leadership styles? Briefly describe the factors.


Definitions:

Market Price

The current price at which a good or service can be bought or sold in a marketplace, determined by supply and demand.

Firm's Willingness

The degree to which a company is prepared to produce goods or services at a certain price.

Market Price

The price at which a product or service is sold in the open market.

Consumer Surplus

The gap between the price consumers are prepared to pay for a product or service and the actual amount they spend, indicating the value gained by consumers.

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