Define and describe market-based pricing

Assignment Help Operation Management
Reference no: EM132588619

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:

1. Define and describe cost-based pricing.

2. 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.

 

Reference no: EM132588619

Questions Cloud

How would you sum up george orwell politics : How would you sum up George Orwell's "Politics and the English Language" in one or two sentences? Where does he state the argument directly?
Prepare the General Journal entries for the January events : Use this information to prepare the General Journal entries (without explanation) for the January events. Jan. 26 Paid for the purchases made on Jan. 10
How do you show encouragement to your employees : How do you show encouragement to your employees?
Prepare single-step income statement in good form : Provided from ABC Company at the end of December 31, 2019, prepare SINGLE-STEP Income Statement, IN GOOD FORM for the Company
Define and describe market-based pricing : Define and describe cost-based pricing. Define and describe market-based pricing.
What do manners in the workplace among employees : What do Manners in the workplace among employees look like? Describe?
What does respect look like among employees : What does respect look like among employees?
Research several top project management software : Research several top project management software that can benefit from when managing your projects in the long term.
What is the actual total overhead cost incurred for period : Standard overhead applied to production for the period is $222,000. What is the actual total overhead cost incurred for the period?

Reviews

Write a Review

Operation Management Questions & Answers

  Goods manufacturer launched a promotional campaign

An electronic goods manufacturer launched a promotional campaign which involved a flat twenty percent discount on all purchases made on the manufacturer's website. This campaign became very popular. However, the large number of simultaneous purchases..

  Stuffdot compensates users through point system

StuffDOT compensates users through a point system than can be redeemed for cash or gift cards from retailers like Target and Amazon.com,

  Facts gathered from the subjects for the project

The student will choose one of the subjects and develop a research document that will contain, a problem statement, facts gathered from the subjects for the project, assumptions based on the project chosen, discussion of the project, a conclusion and..

  Concept of empowerment as development technique

Summarize the concept of Empowerment as a development technique used by Managers in multinational organizations.

  What is one way you have responded to the brand

What is one way you have responded to brand. describe one way you responded by making specific judgement and one way you responded by having specific feelings

  Exemplifies the characteristic post-modern style

Choose one (1) example of architecture that you believe best exemplifies the characteristic post-modern style.

  Interpret the value of science and technology

Please interpret the value of "Science and technology" in a negative way as well as a positive one. For example, promoting individualism is good because it allows people to be self-reliant and resistant to the pressure of others. Taken to the extreme..

  What would be the likely reaction of tourists

Consider an aspect of your culture that could be packaged and commoditized for tourist consumption. What would be the likely reaction of tourists?

  Identify and discuss several global creative organizations

Identify and discuss several global creative organizations using the criteria and descriptions in Ch. 10 and 11 of Mastering Leadership.

  How important are communication skills in project management

How important are communication skills in project management? Was Herb the right person to be assigned as the project manager?

  Why decision making is central to the role of the manager

Discuss why decision making is central to the role of the manager. Illustrate your answer by referring to at least two different types of managers.

  Summarizing where to stand and opportunities for growth

compare the data and deliver a final report summarizing where to stand and opportunities for growth.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd