A Risk of a Directive Management Style Could Include

question 24

Multiple Choice

A risk of a Directive Management style could include

• A) slow decision making
• B) potential to lose focus
• C) inability to make tough decisions
• D) wrong diagnosis, wrong remedy

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Definitions:

Market Power

The ability of a firm or group of firms to influence or control the prices and total output in a market, often due to limited competition or holding a dominant position.

Price Competition

A market situation where businesses attempt to outdo competitors by offering goods or services at lower prices.

Product Differentiation

The method of differentiating a product or service from competitors, aiming to make it more appealing to a specific target audience.

Low Entry Barriers

Conditions that make it easy for new competitors to enter an industry, typically leading to increased competition.