Which Traits Have Been Shown to Be Important in Setting

question 85

Essay

Which traits have been shown to be important in setting leaders apart from others? Describe at least three.

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Definitions:

Foreign Competition

refers to the competitive pressure that domestic companies face from companies located in other countries.

Elastic Demand

A situation where the quantity demanded of a product changes significantly in response to changes in its price.

Competitive Levels

The degrees of competition within a market, characterized by the number of firms, product differentiation, and market entry or exit barriers.

Nonunion Firms

Companies where the workforce is not represented by a labor union, which may affect wage levels, benefits, and working conditions.