With Regard to a Firm's Resources (When Searching for Attractive

question 111

Multiple Choice

With regard to a firm's resources (when searching for attractive opportunities) :

• A) a manufacturer needs skilled production people more than skilled salespeople.
• B) lack of financial strength is often a barrier to entry.
• C) large companies always have an advantage over smaller companies.
• D) a familiar brand name is not very important since there are many new brand names.
• E) a patent owner has a 3-year monopoly to develop its product.

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Definitions:

Supportive Leader

A leadership approach focused on building trust, showing empathy, and providing encouragement and support to subordinates.

Path-Goal Theory

A leadership theory that suggests the leader's role is to guide followers in achieving their goals and to provide the necessary direction and support to ensure that their goals are compatible with the overall objectives of the group or organization.

Achievement-Oriented Leadership

A leadership style focused on setting challenging goals, emphasizing excellence, and working towards achieving high performance levels.

Path-Goal Leadership Theory

A theory which states that a leader's behavior is contingent to the satisfaction, motivation, and performance of their subordinates, and involves adjusting leadership styles based on situational demands and follower characteristics.