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Management Studies

1. List two (2) most important factors in the determination of a fair and reasonable price.

2. Based on these factors, propose a definition for the term "fair and reasonable price." (It is understood that the FAR has not defined this term for a reason. The purpose of this exercise is for students to analyze and highlight the factors they feel are most important in the determination of a fair and reasonable price.)

Additional Requirements

Min Words: 200
Max Words: 300

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Management Theories, Management Studies

Category:- Management Theories
Reference No.:- M9171485

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