Ben and Jerry Would Not Be Considered Transformational Leaders Because

question 12

Multiple Choice

Ben and Jerry would not be considered transformational leaders because they did not

• A) have a mission or goal they were trying to achieve.
• B) develop routines for buying supplies from small, local suppliers.
• C) convince others to follow their new way of doing things.
• D) transform an existing organization into something different.

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Definitions:

Low Returns

Financial returns from an investment that are below expectations or the market average.

Monopoly Firms

Companies that are the sole providers of a product or service in a market, facing no competition.

Barriers of Entry

Obstacles that make it difficult for new competitors to enter a market, including high startup costs, strict regulations, and established brand loyalty.

Cost Advantage

The benefit gained by a company when it produces goods or services at a lower cost compared to its competitors.