_____ Refers to the Highest Price of a Product That

question 45

Multiple Choice

_____ refers to the highest price of a product that will produce the desired level of sales in the intended market.

• A) Marginal price
• B) External reference price
• C) Optimum price
• D) Reserve price

---

Definitions:

Adaptive Leadership

A leadership approach focused on encouraging adaptability, flexibility, and responsiveness to changing situations or challenges.

Supportive Leadership

A leadership style characterized by providing emotional and moral support to employees, encouraging a positive and inclusive work environment.

Participative Leadership

A leadership style where the leader involves team members in the decision-making process, valuing their input and fostering collaboration.

Transformational Leadership

A leadership style where leaders inspire and motivate employees to exceed their own interests for the sake of the organization and encourage innovation.