Learning Goal: I’m working on a business discussion question and need an explanation and answer to help me learn.
You likely realize that it is important to recognize there are unique aspects of contracting with the Government as compared to contracting with the firms or individuals in the private sector. In developing pricing skills, Government Contracting Professionals must recognize these differences, and learn as much as possible about both Government and commercial practices through market research. What are a few of the unique systemic and cultural differences of contracting with the Government compared to the commercial sector? Why do these differences exist? What are some cost “drivers” that increase the prices paid by the Government for similar items that can be purchased by other buyers? What are a few similarities and differences in products sold to the Government as compared to the commercial market?
This discussion question is about the Consumer Price Index (CPI). You will need to find a table of the CPI for this assignment. It really doesn’t matter which one you use (base years are reference points), so long as you use the same base year for your comparison. For the “current year,” you can use 2017 or 2018.
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