Question: Vendors' costs are important to a purchasing agent because: they help in estimating a fair price. they help in negotiating a fair price. cost determines

Vendors' costs are important to a purchasing agent because: they help in estimating a fair price. they help in negotiating a fair price. cost determines market price. a vendor is entitled to a profit just because he is in business. they help in estimating a fair price, and they help in negotiating a fair price

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