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Explain the Key Components of the Path-Goal Theory of Leadership

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Explain the key components of the path-goal theory of leadership.


Definitions:

Product Strategy

A company's plan for marketing its products, focusing on product design, features, and benefits to stand out in the market.

Competitive Advantage

A condition that allows a company or country to produce a good or service at a lower price or in a more desirable fashion for customers than competitors.

Marketplace

A physical or virtual venue where buyers and sellers come together to exchange goods, services, or information.

Maturity Stage

A phase in the product life cycle where sales growth slows down, and the product begins to stabilize in the market with a more predictable demand.

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