In reference to negotiated pricing,cost and price information is often the starting point in the negotiation process.

Question

Quizplus · Accepted Answer

Cost and price information is typically the foundation for negotiated pricing, as both parties need to have a clear understanding of what each item or service costs before they can discuss potential discounts, markups, or other terms of the deal. Without this essential information, negotiations would lack a basis for reaching a mutually agreeable price.

In Reference to Negotiated Pricing,cost and Price Information Is Often