Answer the following questions below in 150 words minimum each.
What is the difference among fixed, semivariable, and variable costs? Give at least one example of each type.
Why do you think some suppliers are reluctant to share detail cost information? What can purchasers do to convince suppliers that shared cost data will not be compromised?
Why should a purchaser evaluate the cost of making an item instead of simply evaluating the purchase price? Is this true for all types of products? Why or why not?