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Price analysis is the evaluation of prices through
1. comparison of current quotations with previous quotations for the similar items,
2. comparison of own cost elements,
3. use of standard measures
Comparison of submitted bids or quotations,comparison of current quotation with previous quotation for the same or similar items.
Price analysis may also refer to the breakdown of a price to a unit figure.
In marketing price analysis refers to the analysis of consumers response to theoretical prices in survey research
In general business price analysis is the process of examining and evaluating a proposed price without evaluating it separates cost element
In business price analysis is the process of examining and evaluating a proposed price without evaluating its separate costs elements and proposed profit/fee.
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