Market Control Is Control Based on the Use of Pricing

question 47

True/False

Market control is control based on the use of pricing mechanisms and economic information to regulate activities within organizations.

---

Definitions:

Proactive Strategy

Meets all the criteria of social responsibility, including discretionary performance.

Economic Responsibility

The duty of businesses and organizations to contribute positively to the economic well-being of communities and societies in which they operate.

Discretionary Responsibility

The expectation for companies or individuals to make ethical decisions and contribute to societal well-being, beyond their economic and legal obligations.