In _____, a purchaser may have to use internal engineering estimates about what it costs to produce an item, rely on historical experience and judgment to estimate costs, or review public financial documents to identify key cost data about the seller.

Question

Quizplus · Accepted Answer

Reverse price analysis involves the buyer estimating the seller's costs to determine what the price of a product should be. This can involve using internal engineering estimates, historical experience, judgment, or reviewing public financial documents to estimate costs.

In _____, a Purchaser May Have to Use Internal Engineering