Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Question
Chapter 9, Problem 18P
Summary Introduction
Interpretation:
The maximum price in dollars will be used by the companies B to win the contract.
Concept Introduction:
Bidding is an offer to place a price by an organization, a group, or by an individual for the goods or services or a demand that something is done. It is used to determine the cost of any specific product or service.
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Students have asked these similar questions
A contract with a vendor stipulates a cost plus incentive fee contract. The contract has a target cost of $150,000. The vendor’s target profit is set at 10% and the share ratio is 80/20. The minimum fee the seller will accept is $12,000 and the maximum fee you are willing to pay is $20,000. The actual cost of the contract ends up being $175,000. What is the total cost of the contract to the buyer?
$195,000
$167,000
$185,000
$187,000
A salesperson starts calling up and inviting customers walking in the Mall to get inside his/her boutique and offer them smashing prices in certain commodities, however customers find out later after buying those commodities that they are expired and didn’t achieve its purpose. The negotiation process here is identified as ……………………
A- Win Win
B- Win Lose
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You have just started to work in the purchasing office of a major pharmaceutical firm. The purchasing manager has asked you to assist in writing an RFP for a major purchase. The manager gives you a sheet detailing the specifications for the RFP. While reading the specifications, you realize that they have been written to be extremely favorable to one bidder. How should you handle this situation?
Chapter 9 Solutions
Practical Operations Management
Ch. 9 - Prob. 1DQCh. 9 - Prob. 2DQCh. 9 - Prob. 3DQCh. 9 - Prob. 4DQCh. 9 - Prob. 1PCh. 9 - Prob. 2PCh. 9 - Prob. 3PCh. 9 - Prob. 4PCh. 9 - Prob. 5PCh. 9 - Prob. 6P
Ch. 9 - Prob. 7PCh. 9 - Prob. 8PCh. 9 - Prob. 9PCh. 9 - Prob. 10PCh. 9 - Prob. 11PCh. 9 - Prob. 12PCh. 9 - Prob. 13PCh. 9 - Prob. 14PCh. 9 - Prob. 15PCh. 9 - Prob. 16PCh. 9 - Prob. 17PCh. 9 - Prob. 18PCh. 9 - Prob. 19PCh. 9 - Prob. 20PCh. 9 - Prob. 21PCh. 9 - Prob. 22PCh. 9 - Prob. 23PCh. 9 - Prob. 24PCh. 9 - Prob. 1.1QCh. 9 - Prob. 1.2QCh. 9 - Prob. 1.3QCh. 9 - Prob. 2.1QCh. 9 - Prob. 2.2QCh. 9 - Prob. 2.3QCh. 9 - Prob. 2.4QCh. 9 - Prob. 2.5QCh. 9 - Prob. 3.1QCh. 9 - Prob. 3.2QCh. 9 - Prob. 3.3Q
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