When companies set prices,the government and social concerns are two affecting pricing decisions.
A)internal factors
B)demand curves
C)temporary influences
D)external factors
E)economic conditions

Question

Quizplus · Accepted Answer

Government regulations and social concerns are external factors that can influence pricing decisions. Companies need to consider regulations regarding pricing practices and adhere to laws related to consumer protection. Additionally, social concerns such as environmental impact or ethical sourcing can influence pricing decisions as consumers may be willing to pay more for products that align with their values. Internal factors refer to the company's own operations and capabilities, demand curves are a tool used to analyze consumer behavior, temporary influences refer to short-term factors that can affect pricing, and economic conditions relate to broader economic factors such as inflation and unemployment.

When Companies Set Prices,the Government and Social Concerns Are Two