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Business
Accounting
● Profit not defined ● Different focus ● Work together on cost management ● RFP ● Less skill set requirements ● Manage more of the supply chain ● Generally shorter contract period ● Longer term arrangement ● Requires extensive knowledge of business ● Higher skill set requirements ● Profit / returns defined ● Business review ● Supplier controls most costs of ingredients / processing

● Profit not defined ● Different focus ● Work together on cost management ● RFP ● Less skill set requirements ● Manage more of the supply chain ● Generally shorter contract period ● Longer term arrangement ● Requires extensive knowledge of business ● Higher skill set requirements ● Profit / returns defined ● Business review ● Supplier controls most costs of ingredients / processing

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Assign each phrase to either transactional pricing or formula pricing. 

● Profit not defined

● Different focus

● Work together on cost management

● RFP

● Less skill set requirements

● Manage more of the supply chain

● Generally shorter contract period

● Longer term arrangement

● Requires extensive knowledge of business

● Higher skill set requirements

● Profit / returns defined

● Business review

● Supplier controls most costs of ingredients / processing

● Unbundled formula costing

● Bundled

 

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