Final answer:
Traditional authority is the term used when an agent's authority arises from custom in the industry. It is based on long-standing customs and traditions accepted for a significant period of time.
Step-by-step explanation:
When an agent's authority arises from custom in the industry, it is identified as traditional authority.
Traditional authority is based on long-standing customs and traditions that have been accepted and followed for a significant period of time.
Examples of traditional authority include the hereditary monarchy in Britain, where the Queen's authority is based on inherited position and succession rules, or workplace customs and practices that have been established over time.