Question : Which control technique involves using competition to regulate performance?Option 1: Bureaucratic control.Option 2: Market control.Option 3: Clan control.Option 4: Strategic control.

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Question : Which control technique involves using competition to regulate performance?
Option 1: Bureaucratic control.
Option 2: Market control.
Option 3: Clan control.
Option 4: Strategic control.

Team Careers360 13th Jan, 2024

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Answer (1)

Team Careers360 25th Jan, 2024

Correct Answer: Market control.

Solution : The correct answer is (b) Market control.

Market control is a control technique that involves using competition to regulate performance. It relies on market forces and competitive dynamics to influence and regulate the behavior and performance of individuals and organizations. In market control, performance is monitored and evaluated based on market outcomes such as sales, market share, profitability, and customer satisfaction.

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