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Mostly competitor external prices affect pricing.

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13y ago

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What are the internal and external factors for pricing?

There are internal and external factors for pricing. The internal factors include the manufacturing or purchasing costs while external factors depend on the demand of a product.


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Internal factors affecting pricing include production costs, company objectives, marketing strategies, and overall financial goals. External factors encompass market demand, competition, economic conditions, and regulatory influences. These elements interact to shape a company's pricing strategy, ensuring it aligns with both internal capabilities and external market realities. Balancing these factors is crucial for achieving profitability and market competitiveness.


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What are the external factors affecting compensation?

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What are external factors affecting staffing?

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