Explain and list two most important factors in fair price

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Reference no: EM1369731

•List two (2) most important factors in the determination of a fair and reasonable price.

•Based on these factors, propose a definition for the term "fair and reasonable price." (It is understood that the FAR has not defined this term for a reason. The purpose of this exercise is for students to analyze and highlight the factors they feel are most important in the determination of a fair and reasonable price.)

Reference no: EM1369731

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