Types of wifi modem

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A company assemble and sales different types of WiFi Modem. Because of strong R&D department company able to modify its product according to market demand and change in technology. Accordingly, it procures various assembly component from different foreign supplier. In January 2023 they change the design of a particular modem and for that it required a different type of component. Which cost management approach company will follow to manage the purchase and why?

Reference no: EM133433968

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