1. What is cost-based pricing? How and why is it used?
2. What categories need to be included when estimating a supplier's cost for a manufacturing item?
3. What options are there for estimating costs if the supplier is either unwilling or unable to provide a detailed cost breakdown?
4. What are the best methods to track and report supply cost savings?

Answer rating: 100% (QA)

Costbased pricing is a pricing strategy where a company determines the selling price of a product or service by considering the costs incurred in its production along with a predetermined profit margi... View the full answer