One Difference Between Project Management and Project Leadership Is That

question 25

Multiple Choice

One difference between project management and project leadership is that project management includes

• A) recognizing the need to alter direction.
• B) aligning people to meet new directions.
• C) monitoring results against plans.
• D) motivating people to meet new objectives.
• E) deviating from the plan.

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Definitions:

Markup

Markup refers to the difference between the cost of a good or service and its selling price, expressed as a percentage of the cost.

Selling Price

The amount of money for which a product or service is sold to customers.

Skimming Pricing Strategy

A pricing strategy where a product is initially sold at a high price, which is gradually lowered to attract more price-sensitive customers.

Home Electronics

Electronic devices intended for everyday use in private homes, such as televisions, refrigerators, and microwaves.