Author Question: In a firm fixed price contract, if market prices _____ the stated contract price because of outside ... (Read 218 times)

mynx · **on:** Jun 29, 2018

In a firm fixed price contract, if market prices _____ the stated contract price because of outside factors such as competition, changes in technology, or raw material prices, the _____ assumes the risk or financial loss.
a. rise above.purchaser
b. stay the same.seller
c. stay the same.purchaser
d. fall below.purchaser
e. None of the above.

Question 2

Giant retail chains such as Home Depot and Lowe's, demand lower prices from manufacturers because:
a. They place orders for future purchases.
b. They have a large volume of customers demanding low prices.
c. They perform many wholesaler functions.
d. They have more control in the channel market than the manufacturers.
e. They only sell highly discounted products.