Which of the following is true of market control?
A) It is the way business firms use budgets for personnel, equipment, travel expenses, and the like to keep behavior targeted within set limits.
B) It is the way business firms emphasize hierarchy and authority.
C) It is the way business firms influence employees and members to display common behavior patterns.
D) It is the way business firms adjust products, pricing, promotions, and other practices in response to customer feedback and what competitors are doing.
E) It is the way business firms harness the power of group cohesiveness and collective identity.

Question

Quizplus · Accepted Answer

Market control refers to how businesses adjust their strategies, such as product offerings, pricing, and promotional activities, based on customer feedback and competitive actions to maintain or improve their position in the market.

Which of the Following Is True of Market Control