A competition analysis used in a price analysis can best be describe as: A price estimate prepared by in house engineers and financial analysts to determine if quoted prices are fair and reasonable. Comparing quotations received when competitively bidding items and prices from published lists from multiple vendors to determine if prices are fair and reasonable. Using historical prices from the same or similar products or services to determine if the current price offered by a supplier is fair and reasonable. Inflation and volume need to be considered when comparing. Comparing prices with publicly available government contracts and public sector bids to determine if the prices quoted by a supplier are fair and reasonable. Using an Index to determine if price increases are fair and reasonable. A cost analysis is defined as: Comparing quotations received when competitively bidding items and prices from published lists from multiple vendors is a way to determine if prices are fair and reasonable. A process of looking at a price and deciding if the price is fair and reasonable without looking at specific elements. A cost analysis is a process of analyzing each individual cost element that makes up the final price. These individual items can include but are not limited to direct and indirect labour, direct and indirect materials, tooling costs, overhead, equipment, General and Administrative expenses, and profits. Analyzing historical prices and increasing/decreasing the historical price based on inflation and volumes to determine if the price is reasonable. Analysis of previous prices paid used in a price analysis can best be describe as: Using an Index to determine if price increases are fair and reasonable. Comparing quotations received when competitively bidding items and prices from published lists from multiple vendors to determine if prices are fair and reasonable. Using historical prices from the same or similar products or services to determine if the current price offered by a supplier is fair and reasonable. Inflation and volume need to be considered when comparing. A price estimate prepared by in house engineers and financial analysts to determine if quoted prices are fair and reasonable. Comparing prices with publicly available government contracts and public sector bids to determine if the prices quoted by a supplier are fair and reasonable. A domestic supplier is defined as: A supplier that serves only a limited number of sites or buying locations (often only one) within a country. A supplier that can competitively serve two or more regions. A supplier that competitively serves many countries within a single region. A supplier that can competitively serve most, if not all, countries around the world. A supplier that serves any location within a country