In the price discipline methodology, we can use a should-cost model and a market price index to determine.1) How much a product will cost two years from now 2) Whether a supplier's operating expenses are too high 3) Whether a supplier's request for a price increase is reasonable 4) Whether we should change material specifications?

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In the price discipline methodology various tools and techniques are utilized to ensure effective cost management and decisionmaking Heres how the sho... View the full answer