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According to the path-goal theory, which of the following is an example of an environmental contingency?
Absolute Advantage
The ability of a country to produce a specific good or service more efficiently than any rival.
Opportunity Cost
The cost of the next best alternative that is foregone when making a decision.
Rival
An individual or entity competing against others for the same objective or for superiority in the same field.
International Product Life Cycle
A theory describing how a product matures and sales change over time across international markets, often leading to global production and distribution changes.
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