Purchasing and Supply Chain Management
6th Edition
ISBN: 9781285869681
Author: Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher: Cengage Learning
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Chapter 11, Problem 12DQ
Summary Introduction
To determine: The way the price of an item established using target pricing contract and why target pricing is attractive.
Introduction: Target pricing contract is based on the cost remunerative mechanism in which the servicer would repay the cost based on the actual cost subject to the request during the completion of the project. It would let the contractor share the savings made.
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