1. In 200 words, Explain how the leader–member exchange (LMX) model works.
2. An art museum is open three hundred days a year from 10am to 6pm. On average, the art museum has 3 million visitors per year. Each visitor spends on average 2 hours in the museum. What is the average number of visitors in the museum during any given time?
3. Describe the features of our three stage Product Cycle model. Include discussions of when the model applies, the characteristics of the model, and the results of the model. (Thoroughness is good.)