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Jonathan has been the operations manager for Bestmart Inc. for ten years. He was recently promoted and is now part of the team responsible for

Jonathan has been the operations manager for Bestmart Inc. for ten years. He was recently promoted and is now part of the team responsible for determining the Cost-plus pricing for the bakery items they receive from a supplier in Cambridge. The supplier is part of this pricing decision meeting but needs to understand what Cost-plus pricing means and what factors affect it.

How can Jonathan best explain this concept to the supplier? Which factors should they assess while setting the cost-plus price?

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