Asked by
Darius Remer
on Oct 22, 2024Verified
Business firms show the influence of market control in the way that they adjust products, pricing, promotions, and other practices in response to customer feedback and what competitors are doing.
Market Control
A form of control obtained through competitive advantage, allowing entities to influence market conditions or prices.
Customer Feedback
Information provided by clients about their experiences with a product or service, used to improve business offerings.
- Ascertain how market rivalry influences organizational actions and choices.
Verified Answer
KC
Learning Objectives
- Ascertain how market rivalry influences organizational actions and choices.