1.11 Peng Plasma Pricing. Peng Plasma is a privately held Chinese business. It specializes in the...

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1.11 Peng Plasma Pricing. Peng Plasma is a privately held Chinese business. It specializes in the manufacture of plasma cutting torches. Over the past eight years, it has held the Chinese renminbi price of the PT350 cutting torch fixed at Rmb 18,000 per unit. Over that same period, it has worked to reduce costs per unit, but has struggled of late due to higher input costs. Over that