The Leader Who Makes a Decision and Sells It to Employees

question 12

Multiple Choice

The leader who makes a decision and sells it to employees to convince them that it's a good idea uses which style on the leadership continuum model?

• A) 2
• B) 4
• C) 3
• D) 1

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Definitions:

Four-firm Concentration Ratio

A measurement that indicates the combined market share of the four largest firms in an industry, used to assess the degree of competition within the market.

Herfindahl Index

A measure of market concentration that is used to determine the amount of competition among firms within an industry.

Import Competition

The competition between domestic products and foreign products in a domestic market, affecting local industries.

Herfindahl Index

A measure of the concentration of industries or markets, calculated as the sum of the squares of the market shares of the largest firms, used to assess the extent of competition.