When price analysis is not possible,cost analysis becomes the basis of obtaining a fair and reasonable price.

Name: When price analysis is not possible,cost analysis becomes the basis of obtaining a fair and reasonable price.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

When price analysis cannot be performed, such as when there is inadequate competition or when the circumstances do not allow for comparison to similar items, cost analysis can be used to determine a fair and reasonable price.

When Price Analysis Is Not Possible,cost Analysis Becomes the Basis