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What is cost based pricing

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Reference no: EM131082159

1. In your own life, if you have the need for a contractor to work on your house, how could you use the bid process to ensure that the work is completed to your satisfaction and budget? Explain your response.

2. What is cost based pricing? How and why is it used? (p. 257)

- How does it differ from market based pricing? 150-200 words 

Reference no: EM131082159

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