Control based on the use of pricing mechanisms and economic information to regulate activities within organizations is referred to as ________ control.
A)clan
B)feedback
C)market
D)feedforward
E)bureaucratic

Question

Quizplus · Accepted Answer

Market control is based on the use of pricing mechanisms and economic information to regulate activities within organizations. It involves the use of market forces, such as supply and demand, to influence the behavior of individuals and departments within an organization. This type of control is often seen in decentralized organizations where profits and losses are used to incentivize performance.

Control Based on the Use of Pricing Mechanisms and Economic