The Southwest regional manager is having trouble preparing a bid for a lucrative government contract to supply blenders

The Southwest regional manager is having trouble preparing a bid for a lucrative government contract to supply blenders

PART 3 – Cost Analysis and Ethical Considerations

write 400–600 words

The Southwest regional manager is having trouble preparing a bid for a lucrative government contract to supply blenders to the military dining facilities in Fort Hood, Texas. Specifically, he has asked for your assistance as he determines his approach to pricing.

Complete the following:

Define and describe cost-based pricing.

Define and describe market-based pricing.

In addition, the government contract officer mentioned the requirement to present a fair and reasonable price to be considered for the contract. Identify the guideline or regulation that governs acquisition and contracting, and describe the concept of fair and reasonable price in government contracts

………………………Answer preview……………………….

Cost-based pricing can be defined as the type of pricing that arises from the costs of the goods and services that end up being sold. The price at which a product or good is sold takes into account the cost of the item and has a percentage of profit added onto it to ensure that the seller makes profit……………………..

APA

495 words

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