A Style of Leadership That Focuses on the Individual Power

question 5

Multiple Choice

A style of leadership that focuses on the individual power of the leader is likely a(n) __________ style.

• A) transactional
• B) democratic
• C) laissez-faire
• D) transformational

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Definitions:

Cost Advantages

Refers to the benefit a company has over its competitors in terms of lower production or operation costs.

Monopoly Power

The ability of a single firm or entity to control the market for a good or service, enabling it to influence prices and production levels.

Legal Barriers

Restrictions imposed by law that limit the entry of new firms into an industry or protect existing firms from competition.

Predatory Pricing

A pricing strategy where a company sets prices below cost to eliminate competition and establish a monopoly over time.