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When setting prices,the company must consider its external environment.Describe four parts of the external environment and how they affect businesses.
Recommendations
Suggestions or advice given based on analysis or experience, intended to guide decisions or actions.
Purpose Statement
A declaration made by an individual or organization that outlines their intentions, goals, or objectives, providing a clear direction for actions.
Problem Statement
A brief explanation of a problem that needs solving or a situation that requires enhancement.
Formal Work Plan
A detailed document that outlines the objectives, strategies, tasks, timelines, and resources required to complete a project or task.
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