Business firms show the influence of market control in the way that they adjust products, pricing, promotions, and other practices in response to customer feedback and what competitors are doing.

Question

Quizplus · Accepted Answer

Market control refers to the ability of firms to influence the market through their actions. One way this is shown is by how firms adjust their products, pricing, promotions, and other practices in response to customer feedback and competitive pressures. Therefore, the statement is true.

Business Firms Show the Influence of Market Control in the Way