What does it entail?
2007-11-10 06:56:04 · 2 answers · asked by Pelendra 2 in Business & Finance ➔ Other - Business & Finance
Price analysis is the evaluation and review of the total price of an item (or program) without regard to the individual elements of cost. Cost analysis refers to the detailed element by element review and evaluation of each component of cost proposed by an organization for a particular program. While price analysis can be used alone, it generally will not provide an adequate basis for the determination of reasonableness in anything other than simple procurements for which there is adequate catalog pricing and market competition. Cost analysis, on the other hand, can generally never be used without price analysis as well. Why?
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2007-11-10 17:31:28 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋
it is about analysing ur cost of the product and the selling price and the difference between the two. ie. if u are selling a product for Rs. 100 and its cost is Rs. 80 then the cost price analysis shows that the selling price is 25% more than the cost.
2007-11-10 07:01:56 · answer #2 · answered by Sagar A 1 · 0⤊ 0⤋