Q.5 How could you answer to address the price adjustment formula which is also known as escalation? What are its pros and cons? Briefly explain.

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
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Q.5 How could you answer to address the price adjustment formula which is also known as escalation? What
are its pros and cons? Briefly explain.
Q.6 Write technical explanation of the following;
i. Just-in-time (JIT)
ii. Fixed cost
Transcribed Image Text:Q.5 How could you answer to address the price adjustment formula which is also known as escalation? What are its pros and cons? Briefly explain. Q.6 Write technical explanation of the following; i. Just-in-time (JIT) ii. Fixed cost
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