Examlex
Path-goal theory states that directive leadership is NOT an effective leadership style when:
Perfect Competition
Perfect competition is a market structure characterized by a large number of small firms, homogeneous products, and easy entry and exit from the market.
Consumer
This defines an individual who purchases goods and services for personal use, driving demand in the market.
Price
The monetary charge expected, imposed, or given in settlement for something.
Price Takers
Market participants who accept the prevailing market price without having the influence to alter it.
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