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How is supplier cost related to supplier price? 2. What are the various ways by which prices are determined? 3. Distinguish between direct and

How is supplier cost related to supplier price?

2. What are the various ways by which prices are determined?

3. Distinguish between direct and indirect costs. How can the buyer analyze these costs?

4. What can the buyer do if he or she suspects collusion on the part of suppliers?

5. What are the differences in bidding for purchasers in the private and public sectors?

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ANSWER Supplier Cost vs Supplier Price Supplier Cost This refers to the expenses incurred by the supplier in producing or providing a product or service It includes raw material costs labor overhead a... blur-text-image

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