Raw Material Incharge Interview Question:

Explain me how would you know that the price of a customized product that you purchase from a supplier is fair?

Submitted by: Muhammad

While it is not easy to determine fair prices of customized products, one can look through the prices of different components that a product has used. Based on this along with tax and legal profit information, one can figure out a fair price even for customized products.
Submitted by: Muhammad