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

Question

Quizplus · Accepted Answer

Government regulations, taxes, and laws can all affect pricing decisions, making it an external factor. Social concerns, such as ethical or environmental concerns, can also affect pricing decisions, again making it an external factor. Economic conditions, demand curves, and temporary influences are all internal or market factors that can affect pricing decisions, but they are not the only factors.

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