In a ____, the Customer and the Contractor Agree on a Price

question 107

Multiple Choice

In a ____, the customer and the contractor agree on a price for the proposed work and that price remains fixed unless the customer and contractor agree on changes.

• A) fixed price contract
• B) flat price contract
• C) actual price contract
• D) cost reimbursement contract

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Definitions:

Financial Section

A segment of a business plan or report that covers the financial explanations, projections, and the fiscal health of a company.

Business Concept

An idea for a business that includes basic information such as the service or product, the target demographic, and a unique selling proposition that gives a company an advantage over competitors.

Business Model Canvas

A strategic management template for developing new or documenting existing business models across nine key components: Key Partners, Key Activities, Key Resources, Value Propositions, Customer Relationships, Channels, Customer Segments, Cost Structure, and Revenue Streams.

One Page

A concise document or overview that typically summarizes a complex topic or plan on a single page for clarity.