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Assume you are the purchasing manager for an automobile manufacturing company, and are procuring 10000 microchips from Korea at a price of $180.00 each. 1.

Assume you are the purchasing manager for an automobile manufacturing company, and are procuring 10000 microchips from Korea at a price of $180.00 each.

1. Explain the relationship between cost and price when determining pricing.

2. What are the landed costs associated with the purchase of the micro-chips purchased in Korea?

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