List and define the four leadership styles of the situational leadership model.
What will be an ideal response?
Telling style: Giving employees explicit directions about how to accomplish a task
Selling style: Explaining the decision to gain understanding
Participating style: Facilitating decision making among subordinates
Delegating style: Giving employees responsibility for decisions and their implementation
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An example of a preventive control is
A) the use of a bank account B) separation of the Purchasing Department and Accounting Department personnel C) bonding employees who handle cash D) accepting payment in currency only
BloomsJay Resorts Inc. has multiple tropical resorts in various locations. In a crowded market that caters to all kinds of consumers, this resort caters mainly to gays with a guaranteed hassle-free holiday experience at a premium price. What strategy is BloomsJay using to gain competitive advantage?
A. a best-cost provider strategy B. a focused low-cost strategy C. a focused differentiation strategy D. a low-cost provider strategy E. a broad differentiation strategy
When one organization owns the marketing intermediaries it is called ____________________ VMS, but if the channel organizations remain independent but are dominated by one channel, it is ____________________ VMS.
Fill in the blank(s) with the appropriate word(s).
______________ power is power based on access to information others need.
a. Legitimate b. Expert c. Coercive d. Referent