Market Control

question 52

Multiple Choice

Market control

• A) does not assume that the interests of the organization and individuals naturally diverge.
• B) is based on the idea that employees may share the values, expectations, and goals of the organization and act in accordance with them.
• C) includes such items as budgets, statistical reports, and performance appraisals.
• D) uses prices, competition, and exchange relationships to regulate activities.
• E) is the use of rules, standards, regulations, hierarchy and legitimate authority to guide performance.

---

Definitions:

Desirability

The quality of being appealing, attractive, or sought-after, often in the context of products, traits, or attributes.

Availability

The extent to which a product, service, or resource is accessible and usable upon demand.

Tertiary Sector

represents the part of the economy concerned with services, as opposed to the extraction of raw materials or manufacturing.

Economy

The organized system of human activity involved in the production, consumption, and distribution of goods and services within a certain area or country.