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When pricing products or services, all costs must be accounted for. This list would include VC and FC. I've seen government project bids badly priced

When pricing products or services, all costs must be accounted for. This list would include VC and FC. I've seen government project bids badly priced (VC + markup rather than total costs + markup). Ultimately, as stated, consumers will not pay above what they can pay another supplier for the same product. Here we have a few things to consider: reduce costs to remain competitive, and/or differentiate our product.

Please answer thoroughly, so I can understand the thinking process. Thank you again!

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