When companies set prices, the government and social concerns are ________ affecting pricing decisions.
A) external factors
B) internal factors
C) economic factors
D) cultural factors
E) organizational factors

Question

Quizplus · Accepted Answer

Government and social concerns are external factors that can influence pricing decisions. Economic factors, cultural factors, and organizational factors can also be external factors, but they may not necessarily have as significant an impact on pricing decisions as government and social concerns. Internal factors refer to factors within the company, such as costs and profit margins, and may also play a role in pricing decisions, but are not as directly related to government and social concerns.

When Companies Set Prices, the Government and Social Concerns Are