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When Setting Prices,the Company Must Consider Its External Environment

question 86

Essay

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


Definitions:

Process Improvement

The proactive task of identifying, analyzing, and improving upon existing business processes within an organization to optimize performance and meet new quotas or standards of quality.

Bonus

A form of supplemental pay given to employees as a reward for their performance or for special occasions.

Autonomous Groups

Independent entities or organizations that operate without direct control by any governing body or external authority, often characterized by self-management.

Job Tasks

Specific duties or responsibilities assigned to an employee as part of their role within an organization.

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