Examlex
If a firm is facing inelastic demand, then the firm should decrease price to increase revenue.
Trait Approach
A perspective in studying leadership that assumes leaders possess certain innate qualities or characteristics that differentiate them from non-leaders.
Leader-follower Centered Perspective
A viewpoint focusing on the dynamic relationship between leaders and followers, emphasizing how they influence each other.
Organizational-centered Perspective
An approach that emphasizes the goals, values, and needs of the organization as a whole rather than those of individuals.
Human Skills
Competencies and abilities that enable individuals to interact effectively and harmoniously with other people.
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