The reading assignment describes various cost-based pricing models commonly used in the supply management function. Using the table that follows, find the estimating approach that corresponds to your last name.
Your Last Name Begins With Pricing Models
A-H Cost Markup Pricing
I-P Margin Pricing
Q-Z Rate-of-Return Pricing
Post the following information for the assigned approach:
- Your assigned estimating approach.
- A brief description of how to perform the estimate.
- Relative accuracy of the results.
- When this approach would be most appropriate to use.
Guided Response: Your initial post should contain at least 150 words. Respond to at least two of your classmates’ posts. Discuss the similarities and differences between your assigned approach and the other two. Your replies should be between 75 to 125 words in length.