Control based on the use of pricing mechanisms and economic information is referred to as
A) Clan control.
B) Feedback control.
C) Market control.
D) Feedforward control.
E) Bureaucratic control.

Question

Quizplus · Accepted Answer

Market control involves the use of pricing mechanisms to regulate activities in organizations as though they were economic transactions. Business units may be treated as profit centers and trade resources (services or goods) with one another via such mechanisms. Managers who run these units may be evaluated on the basis of profit and loss.

Control Based on the Use of Pricing Mechanisms and Economic