Asked by Gloria Martin-Mays on Jun 01, 2024
Verified
Business firms show the influence of ___ in the way that they adjust products, pricing, promotions and other practices in response to customer feedback as reflected in sales and profitability.
A) bureaucratic control
B) clan control
C) market control
D) self-control
E) external control
Market Control
The ability of a company or group to influence or direct the behavior of the market, usually by dominating supply, price, or innovation.
Bureaucratic Control
A system of managing an organization through a formalized set of rules and procedures, ensuring standardization and consistency across operations.
Customer Feedback
The information, insights, and input that a business receives from individuals who use its products or services, which can be used for improvement and growth.
- Elucidate the principles of market, clan, and self-regulation mechanisms within organizational structures.
Verified Answer
Learning Objectives
- Elucidate the principles of market, clan, and self-regulation mechanisms within organizational structures.
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