A family owned business will consider the budget, profit, goal of the business, status of the business, among others. Although this business might have a difficulty considering the welfare of their employees when deciding an important deal. They will have a difficulty empathizing with their employees since they are more focus on their business than their people.
Answer: Managing for Long-Term Profits
Explanation:
When the immediate profit is given up by companies by developing quality products in order to penetrate competitive markets over the long term.
Products are priced relatively low when compared to their development cost, but the company later expects to make greater profits because of the company's high market share.
Answer: Charismatic leader
Explanation: Charismatic leaders are those leaders which gain authority due to their charisma and not on legal or traditional basis. These kinds of leaders generally inherits very effective communication skills and can persuade others due to their confidence and strict believes in morals.
Mahatma Gandhi is an example of charismatic leader.
Answer:
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