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Price Analysis Cost Analysis Total Cost Analysis Price Hedging Market Analysis Opportunity Cost Should Cost Model E. Strategy used to offset risk especially in the areas of interest rate A. exposures, commodity price exposures, and foriegn currency exposures Specific cost that is attributable to a significant portion of the B. overall pattern of cost increases or reduction Examination of market conditions by examining the number of C. competitors in an industry, relative similarity of their products, and any existing barriers to entry for new competitors. Process of comparing supplier prices against external price D. benchmarks. An analytical tool that identifies the primary external forces that are causing prices to either increase or decrease. Estimate the high-level cost elements that make up the purchase price, and then begin to estimate all of the other internal F. acquisition costs associated with doing business with a given supplier Approach to estimating the different components that make up the supplier's price per unit. Process of financial analysts across multiple processes that span two or more organizations in a supply chain. Process of identifying the actual cost to produce an item, so the 1. parties to a contract can determine a fair and reasonable price and develop plans to achieve future cost reductions. Analysis of the cost to pursue the next best alternative which can result in lost sales, lost productivity, and downtime. Cost Drivers G Projected Total Acquisition Cost Market Environment H. - J