Question
Comdex Inc. manufactures parts for the telecom industry. One of its products that currently sells for $150 is now facing a new competitor that offers
Comdex Inc. manufactures parts for the telecom industry. One of its products that currently sells for $150 is now facing a new competitor that offers the same product for $130. The parts currently cost Comdex $120. Comdex believes it must reduce its price to $130 to remain competitive. What is the target cost of the product if Comdex desires a 20% profit on sales dollars?
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Auditing The Procurement Function The Iia Research Foundation Handbook Series
Authors: David O Regan, CIA, FCA
1st Edition
0894136224, 978-0894136221
