Final answer:
Internal pricing is established for transactions within the same enterprise, helping manage budgets and comply with legalities.
Step-by-step explanation:
Pricing that is established for transactions between members of the enterprise is called internal pricing. This is distinct from market pricing, which is what external customers would pay, or competitive pricing, which is set in response to competitors' pricing. Internal pricing, also known as transfer pricing, involves setting prices for goods or services sold between divisions within the same company or multinational enterprise. These prices are used for budgeting and accounting purposes. It's important for companies to set these internal prices carefully to manage taxes, incentivize the performance of different divisions, and comply with legal requirements.