With market control, the activities of an organization are regulated through the use of
A)rules, regulations, and formal authority.
B)budgets, statistical reports, and performance appraisals.
C)shared values, expectations, and goals.
D)pricing mechanisms and economic information.
E)real-time monitoring and fine-tuning.

Question

Quizplus · Accepted Answer

Market control involves using pricing mechanisms and economic information to regulate an organization's activities. This can include adjusting prices to ensure profitability or using market research to determine consumer demand and adjusting product offerings accordingly. It is a type of external control as it is influenced by market forces rather than internal policies and procedures.

With Market Control, the Activities of an Organization Are Regulated