Which of the Following Is True of Market Control

question 83

Multiple Choice

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 behaviour 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 behaviour 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.

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Definitions:

Consistency Motive

The psychological drive to maintain uniformity and coherence in one's beliefs, attitudes, and behaviors.

Affiliation Goal

A personal or social objective that involves connecting, belonging, or being accepted by others.

Target Customer

A target customer is an individual or group that a business aims to reach with its products, services, and marketing efforts, typically characterized by shared demographics, interests, or needs.

Negative Affect

A state of feeling or mood characterized by negative emotions such as sadness, anxiety, or anger.