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A fashion magazine plans to cuts down on its fashion-related content and provides the space instead for high-priced advertisements, but somehow fails to convince giant fashion brands to advertise in its magazine. What do we understand from this failure?
Hidden Cost
Expenses that are not immediately apparent or directly billed but affect the overall cost or outcome of a project, product, or decision.
Charismatic Leadership
A leadership style characterized by the ability of the leader to inspire and motivate others through their personality and actions.
Transactional Leadership
A leadership style focused on the exchange process between leader and follower, where rewards or punishments are contingent upon performance.
Self-interest
Acting in a way that is beneficial to oneself, often guiding individual motivations and actions.
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