Organizational Characteristics That May Substitute for Leadership Include Formalization,group Cohesion,inflexibility,and

question 65

True/False

Organizational characteristics that may substitute for leadership include formalization,group cohesion,inflexibility,and a rigid reward structure.

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Definitions:

Oligopolistic Firms

Companies operating in an oligopoly market structure where a small number of firms have significant market power and can influence market prices and decisions.

Interdependence

A situation where entities are dependent on each other, often observed in global economies where countries rely on others for resources, technology, or markets.

Price Takers

Firms or individuals who accept the market price as given and have no influence to alter the price of the good or service they are selling or buying.

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.