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.

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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.

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

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