Nelson is the manager of a marketing department in a medium sized company with six employees reporting to him. In deciding the goals for the department for next quarter, he schedules a meeting for employee input and direction. Nelson uses a(n) style of decision making in the marketing department.

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate?