The total cost of ownership (TCO) is defined as the sum of purchase price minus all expenses incurred during the productive lifetime of a product or service minus its salvage or resale price

Visions should not be too large or to small and can exist at any organizational level as well as at the very top.

a. true b. false

To win a contract to supply the United Kingdom with AWACS military aircraft, Boeing agreed to purchase products from the United Kingdom whose value was equivalent to 130% of the contract

This type of pricing arrangement, which is common when the customer is a foreign government and the product has military applications, is known as: A) barter. B) switch trading. C) compensation trading. D) offset. E) dumping.