Question: 1 . Discuss how demand can be managed through pricing? 2 . Examine how buyers obtain prices. 3 . Discuss how can the product life

1. Discuss how demand can be managed through pricing?
2. Examine how buyers obtain prices.
3. Discuss how can the product life cycle influence pricing?
4. Using a diagram, discuss the price mechanism.
5. Evaluate the differences between absolute cost, total acquisition cost and
total cost of ownership?
6. Discuss why total cost of ownership considered a strategic issue?
Procurement and Supply Management

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