When Setting Prices,the Company Must Consider Its External Environment

question 18

Essay

When setting prices,the company must consider its external environment.Describe four parts of the external environment and how they affect businesses.

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Definitions:

Inflammatory Disease

A disease characterized by inflammation, which is the body's response to infection or injury, leading to redness, swelling, and pain.

Wheezing

A high-pitched whistling sound made while breathing, often indicating breathing difficulties or obstructed airways.

Dyspnea

Difficulty in breathing, often described as an uncomfortable feeling of breathlessness.

Orthopnea

Difficulty breathing when lying down flat; a symptom often associated with heart failure or lung disease, alleviated by sitting or standing up.