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Internalization Theory Advocates That the Available External Market Does Provide

question 12

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Internalization theory advocates that the available external market does provide an efficient environment in which firm can profit.


Definitions:

Privileges

Special rights or advantages given to a particular person or group.

LMX Theory

A leadership model focusing on the dyadic relationships between leaders and followers, emphasizing the importance of high-quality exchanges for leadership effectiveness.

Leader And Follower

A dynamic in groups or organizations where one person guides or influences others towards achieving a goal, while the followers support the leader in this pursuit.

Exchanges

Platforms or environments where goods, services, or assets are traded between parties.

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