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

Question

Quizplus · Accepted Answer

External factors are those that are out of the control of the company, such as government regulations and societal concerns. Economic, cultural, and organizational factors may also play a role in pricing decisions, but they are not specifically related to government and social concerns.

When Companies Set Prices, the Government and Social Concerns Are