Controllable factors are those that can be managed or influenced by individuals or organizations, such as actions, decisions, or behaviors. Uncontrollable factors, on the other hand, are outside of one's control, such as external market conditions, natural disasters, or government regulations.
controllable risk factors
for an organization economic factors mean factors which affect the organisation policy decision.some factors are controllable & some are uncontrollable
1.Controllable factor or often called as "Marketing Mix".Now a days it remember as "4P's" It includes: Product,Price,Place and Promotion. 2. Uncontrollable factors are often called as "Environmental Factors" it includes: Political factors, Economical Factors, Social Factors, Technological Factors, Competitive forces factors Regulatory forces factor
Consider these two risks:- 1) that you will be hit by a meteorite. 2) that you will be sick because you ate bad food. The first risk is uncontrollable because there is nothing you can do to lessen it. However the second risk is controllable because you can take care to see that your food is fresh and well cooked - in other words you can lessen this risk.
Attribution theory refers to an individual's perception of the main causes of life events, whether attributing them to internal or external factors, stable or unstable factors, or controllable or uncontrollable factors.
Raw materials are typically considered an uncontrollable cost because their prices are set by external factors such as market demand and supply. While a company can negotiate with suppliers or seek alternative sources, they have limited control over the overall price of raw materials.
controllable risk factors
Food washing
The marketer should keep a provision for uncontrollable or unforeseen factors and maintain a contingency fund to meet the eventualities.
Owners, Employees, Customers and Managers.
The three parts of attribution theory are locus of control (internal or external), stability (stable or unstable), and controllability (controllable or uncontrollable). These factors help explain how individuals interpret and explain the causes of their own behavior and the behavior of others.