Explain what would you do when your longtime supplier will not lower its current prices.

Explain what would you do when your longtime supplier will not lower its current prices.

DETAILED ANSWERS FOR THESE DISCUSSIONS PLEASE.

WEEK 7 DISCUSSION 1 BUS230

Price. Please respond to the following:

  • Explain what would you do when your longtime supplier will not lower its current prices. Assume that this supplier provides the best product/material that you need.
  • Discuss when you would always select suppliers/bidders based on price. Assume that all bidders are similar in quality and services, why and why not?
  • Describe how one can engage a supplier in a negotiation with a price expectation. Relate your experience in purchasing a car, for example. Provide at least two (2) scenarios to your explanation

WEEK 7 DISCUSSION 2 BUS 230.

Cost Management. Please respond to the following:

  • Describe three (3) key concepts you consider most important in the total cost of ownership.
  • Describe how price discounting would influence the understanding of purchasing as a profit center.
  • Explain what and how a small business can apply and benefit from the strategic cost management.  Give at least two (2) examples.
  • Describe one (1) of your business negotiation experiences. Explain how your negotiation impacted directly and/or indirectly to the profit and/or the expense of your company or organization. If you do not have business negotiation experience, describe one (1) business negotiation experience you observed or learned about.