Which of the following best describes 'price analysis'?

Prepare for the Certified Federal Contract Manager Test. Gain confidence with flashcards and multiple-choice questions, each with hints and explanations. Get exam-ready today!

Price analysis is best described as an evaluation without separating cost elements because it focuses on understanding the overall pricing of goods or services without delving into the individual components that make up that price. This approach is useful for comparing market prices, assessing the reasonableness of proposed prices, and ensuring that the prices being offered are consistent with what is available in the marketplace.

In contrast, options that involve detailed breakdowns of costs or comparisons between budgets delve into more granular analysis or specific financial assessments that are not representative of price analysis. Similarly, assessing negotiation tactics pertains to strategies in securing a deal rather than evaluating the price itself, thus falling outside the scope of what price analysis encompasses.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy