Final answer:
Pride College's situation with its non-competitive, costly business degrees is an example of an external, strategic risk that could affect the college's strategic goals and market reputation.
Step-by-step explanation:
The risk that Pride College is facing by offering business degrees that are not competitive in the market at a steep cost falls into the category of external risk, strategic. This category encompasses risks that originate outside the organization and can affect its strategic objectives. The college's reputation may be at stake if the degrees do not provide the value that students anticipate, possibly leading to lower enrollment and adverse market perception.