The Trait Approach Focuses Primarily on the Leader,not on the Followers

question 73

True/False

The trait approach focuses primarily on the leader,not on the followers or the situation.

---

Definitions:

Total Revenue

The entire revenue produced from selling products or services that are central to the business's main activities.

Unit Elastic

A situation in which the percentage change in quantity demanded is equal to the percentage change in price.

Inelastic

Describes a situation where the demand for or supply of a good or service is relatively unresponsive to changes in price.

Elasticity of Supply

A measure of how much the quantity supplied of a good changes in response to a change in its price.